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What Is Market Failure?

What Is Market Failure?

Market failure occurs when the free market, left to itself, misallocates resources. Too much or too little of a good is produced and consumed relative to the socially optimal level.

1.8.2 The meaning of market failure Lesson

  1. A Level
  2. /Economics
  3. /1.8.2 The meaning of market failure

Step-by-step lessons on AQA A Level Economics 1.8.2 The meaning of market failure. Each one builds up to exam-style questions. Start with the core supply-and-demand models before moving on to the more evaluation-heavy macroeconomic policy topics.

Lessons