Encyclopedia > Market failure

Article Content

Market failure

Market failure is a case where markets fail to efficiently provide or allocate goods and services.

The main reasons for market failure include:

monopoly
externality
assymetrical information[?]
public goods

Featured Article

Canadian Charter of Rights and Freedoms

... on privacy rights as are accepted as in Canada (Article 8(2) ECHR: except such as is in accordance with the law and is necessary in a democratic society); limits on ...