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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

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Author: Catherine Barry
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This lesson will explain regulatory intervention and market failure

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Notes on "Regulatory Intervention and Market Failure"

Terms to Know

Externality

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

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.

Government Failure 

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