Market Failure - Assignment Point
Market Failure
Subject: Economics | Topics:

Market Failure is an economic term that encompasses a situation where, in any given market, the quantity of a product needed by consumers does not equate to the number supplied by vendors. In economics, market failure is a situation that allocation of products and services is not efficient. That is, there exists one more conceivable outcome where someone may be produced better-off without making another individual worse-off.

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