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3 Tutorials that teach Regulatory Intervention and Market Failure
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Regulatory Intervention and Market Failure

Regulatory Intervention and Market Failure

Author: Justin Tapp

This lesson will explain regulatory intervention and market failure

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Terms to Know

The effects of a good or service to a third party; can be negative or positive.

Government Failure

A situation involving government intervention that results in increased inefficiency in the allocation of goods and services.

Market Failure

A situation where the free market does not create an optimal situation between those demanding a good or service and those supplying a good or service. Market failures are addressed through government intervention.