answersLogoWhite

0


Best Answer

There are five: Retrenchment, Unemployment, Economic Depression, Rise in levels of poverty and Decline in welfare of society.

User Avatar

Wiki User

โˆ™ 2012-09-27 22:56:33
This answer is:
User Avatar
Study guides

Economics

20 cards

How long does it take for a check to clear

Are chemicals safe

How could the federal reserve encourage banks to lend out more of their reserves

What is M2 today

โžก๏ธ
See all cards
4.26
โ˜†โ˜…โ˜†โ˜…โ˜†โ˜…โ˜†โ˜…โ˜†โ˜…
112 Reviews

Add your answer:

Earn +20 pts
Q: What are the economic consequences of market failure?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

What is economic failure?

Economic failure, or most commonly known as market failure, happens when the services offered by the market are not efficient enough to sustain the demands of the population. Economic failure is often caused by non-competitive markets, public goods themselves, and principal-agent problems.


What is economic consequences?

the consequences of the economic problem


What economic problems did the new government face with Jefferson and hamilton?

It Has To Do With Market Failure, (ETC)


What is market failure and how does it affect the economy?

Market failure occurs when there is a mis-allocation of resources that leads to a loss in welfare for the society. Market failure may not necessary harm the economic growth (examples include cigarette) but most of the time, it harms economic development (due to the loss in welfare.) and ultimately costs the consumers as the whole.


How market and government failure in Tanzania provide a rationale for designing an economic policy?

to solve working job


When was The Economic Consequences of the Peace created?

The Economic Consequences of the Peace was created in 1919.


Was the current economic dilemma created by market or government failure?

it was neither, it was becauses of somthing going on in wall street


What is the paradox of economic freedom?

The Paradox of Economic Freedom in the market system is shown in the way that although something is a free market, when something is out of the ordinary it puts into motion things that re-balance the market and bring things back to normal. You are able to do what you want, but if what you do isn't what the market wants or doesn't follow its rules, you get economic failure.


Consequences of World War 1?

economic consequences


Achievements and failure of economic planning in India?

ACHIEVEMENT AND FAILURE of economic planning in india?


What are the relationships between market failure and externality?

externality is a type of market failure


What is meant by 'Market Failure'?

Market failure exists when the market equilibrium does not equal the socially optimal point.

People also asked