market failure
nounDefinitions
A situation in which the allocation of goods and services by a free market is not…
A situation in which the allocation of goods and services by a free market is not efficient.
- From a policy perspective, market failure should be a matter of concern when market performance significantly deviates from the appropriate efficiency benchmark.
The neighborhood
Vish — recursive loop
No curated loop yet for market failure. Loops are being traced one word at a time while the ingestion pipeline matures.
sense glosses and etymology drawn from English Wiktionary · source · CC-BY-SA