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词汇 market-failure
释义 market failure
noun[ S or U ]
 ECONOMICSukus
a situation in which a market does not operate as it should, for example where the supply of a product is not related to the level of demand for it:
Protecting car production in the face of market failure has, far from helping them, locked the people of the area into an economy which cannot sustain itself.

Examples of market failure


market failure
They argue that marketization can result in marketfailure.
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Marketfailure is possible when monopoly manipulation of markets occurs.
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The existence of marketfailure provides an efficiency-based rationale for collective or governmental provision of goods and services.
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One important source of marketfailure is imperfect information, for instance the public good attributes of information and information asymmetry.
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The next issue to be addressed is whether or not the production or non-production of the non-commodity output in question constitutes a marketfailure.
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Both use arguments about marketfailure to justify their views on neoliberalism.
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Marketfailure in positive economics (microeconomics) is limited in implications without mixing the belief of the economist and their theory.
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By including many species of crops in one area analog forestry helps spread the risk of marketfailure on a single crop.
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Contract failure is related to, but distinct from, marketfailure.
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It is a kind of marketfailure, a deviation from the abstraction of perfect competition.
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These examples are from corpora and from sources on the web. Any opinions in the examples do not represent the opinion of the Cambridge Dictionary editors or of Cambridge University Press or its licensors.
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