market failure

English

Noun

market failure (countable and uncountable, plural market failures)

1. (economics) A situation in which the allocation of goods and services by a free market is not efficient.

   Coordinate term: government failure

   • 2007, Clifford Winston, Government Failure versus Market Failure: Microeconomics Policy Research and Government Performance, Brookings Institution Press, →ISBN, page 3:

     From a policy perspective, market failure should be a matter of concern when market performance significantly deviates from the appropriate efficiency benchmark.

   • 2007 November 29, Alison Benjamin, “Stern: Climate change a 'market failure'”, in The Guardian‎^[1]:

     "Climate change is a result of the greatest market failure the world has seen. The evidence on the seriousness of the risks from inaction or delayed action is now overwhelming. We risk damages on a scale larger than the two world wars of the last century. The problem is global and the response must be a collaboration on a global scale."

Translations

a situation in which the allocation of goods and services by a free market is not efficient

• Armenian: շուկայի ձախողում (hy) (šukayi jaxoġum)
• Catalan: fallada de mercat (ca) f
• Czech: tržní selhání
• Dutch: marktfalen (nl) n
• Estonian: turutõrge
• Finnish: markkinahäiriö (fi)
• French: défaillance du marché f, défaillance de marché f
• Galician: fallo de mercado (gl) m
• Georgian: საბაზრო ჩავარდნა (sabazro čavardna)
• German: Marktversagen n
• Hungarian: piaci kudarc
• Italian: fallimento del mercato m
• Portuguese: falha de mercado f
• Russian: прова́л ры́нка (provál rýnka), сбой ры́нка (sboj rýnka), фиа́ско ры́нка (fiásko rýnka)
• Ukrainian: фіаско ринку n (fiasko rynku), розлад ринку n (rozlad rynku)

Further reading

• market failure on Wikipedia.Wikipedia