This is chapter 15 within the mega-episode "What is a market?"
In this episode, I plan the discuss about the concept of market failure.
Markets do not always work perfectly. Sometimes markets fail as well.
So, what do we mean by market failure?
And why does it happen?
Thus, here are the three scenarios of market failure:
- Functional failure
- Role failure
- Outcome failure
Credits:
- Narrated by Sid Barthakur
- Music by Alexi Action from Pixabay
Popular Podcasts
Dateline NBC
Current and classic episodes, featuring compelling true-crime mysteries, powerful documentaries and in-depth investigations.
The Nikki Glaser Podcast
Every week comedian and infamous roaster Nikki Glaser provides a fun, fast-paced, and brutally honest look into current pop-culture and her own personal life.
Stuff You Should Know
If you've ever wanted to know about champagne, satanism, the Stonewall Uprising, chaos theory, LSD, El Nino, true crime and Rosa Parks, then look no further. Josh and Chuck have you covered.