market failure
English
Noun
market failure (plural market failures)
- (economics) A situation in which the allocation of goods and services by a free market is not efficient.
- 2007, Clifford Winston, Government Failure versus Market Failure: Microeconomics Policy Research and Government Performance, Brookings Institution Press (→ISBN), page 3:
- From a policy perspective, market failure should be a matter of concern when market performance significantly deviates from the appropriate efficiency benchmark.
- 2007, Clifford Winston, Government Failure versus Market Failure: Microeconomics Policy Research and Government Performance, Brookings Institution Press (→ISBN), page 3:
Translations
a situation in which the allocation of goods and services by a free market is not efficient
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Further reading
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