Skip to content

Course home

x
Sign up
x

What Is Government Failure?

What Is Government Failure?

Government failure occurs when state intervention intended to correct a market failure creates a greater misallocation of resources than the free market would have created. It means the intervention reduces net economic welfare compared with no intervention.

8.1.2 government failure in microeconomic intervention Lesson

  1. Intl A Level
  2. /Economics
  3. /8.1.2 government failure in microeconomic intervention

Step-by-step lessons on CIE Intl A Level Economics 8.1.2 government failure in microeconomic intervention. Each one builds up to exam-style questions.

Lessons