A case in which prices are unable to adequately adjust to reflect changes in supply or demand. Market failures may occur due to unexpected disruptive events such as wars or natural disasters, or due to economic barriers such as trade restrictions or monopolies.
Related information about market failure:
- Market failure - Wikipedia, the free encyclopedia
Market failure is a concept within economic theory describing when the allocation of goods and services by a free market is not efficient. That is, there exists ...
- Market Failure Definition | Investopedia
An economic term that encompasses a situation where, in any given market, the quantity of a product demanded by consumers does not equate to the quantity ...
- Types of market failure
A market failure is a situation where free markets fail to allocate resources efficiently. Economists identify the following specific cases of market failure:
- Economics - Market Failure
Nov 22, 2012 ... And yet, when was the last time you used this as an example of labour market failure or poor economic performance? read more...» Categories: ...
- Microeconomics - Market Failure- Introduction
Market failure occurs when freely-functioning markets, fail to deliver an efficient allocation of resources. The result is a loss of economic and social welfare.
- Economist's View: Market Failure
Nov 20, 2012 ... The title at the link is about breaking up big banks, but one of the points is that the growing problems associated with size/interconnectedness, ...
- Paycheck Fairness and Market Failure - NYTimes.com
Jun 25, 2012 ... Many women are underpaid for the same reason that many chief executives may be overpaid: because the labor market doesn't work by the ...
- Market Failures
Government and Market Failure. What we now call government came into existence in a form that we would recognize about the same time as capitalism did.