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

Bullying

... from Bullying Tyrant is a term for someone with absolute governmental power, from the Greek language turannos. In Classical Antiquity[?] it did not always ...