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Term

market failure

Term

The concept that market does not reflect the full societal costs of all economic activity and, in particular, the economic costs imposed on third parties.

Synonyms:

Source:

EEA Glossary

Context:

Comment

Definition source publication

Based on: UNEP. 2001. Protecting the oceans from land-based activities.

Publication year

2001

Definition source URL

http://glossary.eea.europa.eu/EEAGlossary

Organisation

Organisation full name

Based on: UNEP

Subjects

Long definition

Permalinks

Permalink to this version: 4fd440766ea64ac7b790593e3ec4c319
Permalink to latest version: 4fd440766ea64ac7b790593e3ec4c319

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

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