toIPA
Home
Blog
Category
Market failure
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
Pronunciation
/ˈmɑrkət ˈfeɪljər/
/ˈmɑːkɪt ˈfeɪljə/
Categories
failure
market anomaly
macro risk