Meaning of market failure | Babel Free
Definitions
A situation in which the allocation of goods and services by a free market is not efficient.
Equivalents
Čeština
tržní selhání
Deutsch
Marktversagen
Suomi
markkinahäiriö
Italiano
fallimento del mercato
Nederlands
marktfalen
Português
falha de mercado
Examples
“From a policy perspective, market failure should be a matter⟳ of concern⟳ when market performance significantly deviates from the appropriate efficiency benchmark.”
“"Climate change⟳ is a result⟳ of the greatest market failure the world has seen. The evidence on the seriousness of the risks from inaction or delayed action is now overwhelming. We risk⟳ damages on a scale larger than the two world wars of the last⟳ century. The problem is global and the response must be a collaboration on a global scale."”
CEFR level
B2
Upper Intermediate
This word is part of the CEFR B2 vocabulary — upper intermediate level.
This word is part of the CEFR B2 vocabulary — upper intermediate level.
See also
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