pazar yetersizliği

listen to the pronunciation of pazar yetersizliği
Турецкий язык - Английский Язык
(Ticaret) market failure
The inability of private markets to produce certain goods and services
Market failure is a term used by economists to describe the condition where the allocation of goods and services by a market is not efficient. The first known use of the term by economists was in 1958, but the concept has been traced back to the Victorian philosopher Henry Sidgwick. The belief that markets can fail is a common mainstream justification for government intervention in free markets. Economists, especially microeconomists, use many different models and theorems to analyze the causes of market failure, and possible means to correct such a failure when it occurs. Such analysis plays an important role in many types of public policy decisions and studies. However, not all economists believe that market failures occur, or that they are compelling arguments for government intervention, due to government failure
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