School of Economics | Examples of how government intervention can cause government failure
842
archive,tag,tag-examples-of-how-government-intervention-can-cause-government-failure,tag-842,ajax_fade,page_not_loaded,,qode-title-hidden,qode_grid_1300,qode-content-sidebar-responsive,qode-theme-ver-11.1,qode-theme-bridge,wpb-js-composer js-comp-ver-5.1.1,vc_responsive

27 May

Posted at 00:51h in Uncategorized by
1 Like

Explanation of why government intervention to try and correct market failure may result in government failure. Summary Market failure is a socially inefficient allocation of resources in a free market. Market failure can occur for various reasons ExternalitiesDemerit/merit goodsPublic goodsMonopoly power Government failure occurs when government intervention results in a more inefficient...