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Term

market failure

Term

this occurs when market prices are not equal to the social opportunity cost of resources. External effects or externalities are evidence of market failure. [GBA]

Synonyms:

Source:

CHM Biodiversity

Context:

Comment

Definition source publication

Publication year

Definition source URL

http://biodiversity-chm.eea.europa.eu/nyglossary_terms/M/market_failure

Organisation

Organisation full name

Subjects

Long definition

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For references, please go to https://www.eea.europa.eu/help/glossary/chm-biodiversity/market-failure or scan the QR code.

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