Market failure – definition
A market failure is a situation where free markets fail to allocate scarce resources efficiently. These can be complete or partial.
Markets work well when certain conditions are met.
Read more on market failures.
Business Economics
The Growth of Tech Sector Economic Dominance
The Growth of Tech Sector Economic Dominance The tech sector has been growing at an amazing rate over recent decades and has played a vital role in bolstering the economy of several world power countries. It ...
Hardest Hit Companies in the Travel & Entertainment Sector due to Covid-19
Hardest Hit Companies in the Travel & Entertainment Sector due to Covid-19 Coronavirus, declared by the World Health Organization as a global pandemic, has continued to rain havoc on people and businesses all over the ...
Cost Projections for Covid-19 Treatment in U.S
Cost Projections for Covid-19 Treatment in U.S Among the biggest issues that come with the novel coronavirus or COVID-19 pandemic is the impact it will make on the health care system. According to recent research published in Health Affairs, ...
Comparing Fiscal Responses to COVID-19 as Percentage of GDP across Countries
Comparing Fiscal Responses to COVID-19 as Percentage of GDP across Countries Covid-19 has been the most dramatic financial event of our lives and so governments around the world have responded dramatically to this crisis. The ...
International Student College Enrollment Trends in the US
International Student College Enrollment Trends in the US International college students play a major part in our economy. According to a November 2019 article in Politico, during the 2018-2019 academic year alone international students added $41 ...
Cash On-Hand For FAANG Companies during Covid-19
Cash On-Hand For FAANG Companies during Covid-19 Company cash on hand is one of the most important aspects of economics, especially for start-up businesses, and can be the reason for its success or failure. But ...