bn:03545779n
Noun Concept
Categories: Market failure
EN
market failure  allocative inefficiency  market failures  market imperfection  Market imperfection theory
EN
In neoclassical economics, market failure is a situation in which the allocation of goods and services by a free market is not Pareto efficient, often leading to a net loss of economic value. Wikipedia
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EN
In neoclassical economics, market failure is a situation in which the allocation of goods and services by a free market is not Pareto efficient, often leading to a net loss of economic value. Wikipedia
Situation in which the allocation of goods and services by a free market is not efficient and can be improved upon from the societal point of view, often leading to a net loss of economic value Wikidata
A situation in which the allocation of goods and services by a free market is not efficient. Wiktionary
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