Buchbeitrag

Understanding Market Failure in the Developing Country Context

Market failure makes it difficult to achieve the condition of economic efficiency by distorting price mechanisms and normal distribution of goods and services thereby, leading to welfare loss. They are entrenched in the socio-economic fabrics of most developing countries, underpinned by the lack of well-functioning market structures and economic systems – which are supposed to make the market economy resilient to such economic shortcomings.

Language
Englisch

Bibliographic citation
In: Decent Work and Economic Growth: Encyclopedia of Sustainable Development Goals ; Year: 2019 ; Pages: 1-10 ; Ed(s).: Filho, Walter L. et. al. ; Cham: Springer Nature Switzerland

Classification
Wirtschaft
Subject
Market Failure
Developing countries

Event
Geistige Schöpfung
(who)
Jackson, Emerson Abraham
Jabbie, Mohamed
Event
Veröffentlichung
(who)
Springer Nature Switzerland
ZBW – Leibniz Information Centre for Economics
(where)
Cham
(when)
2019

Handle
Last update
10.03.2025, 11:45 AM CET

Data provider

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Object type

  • Buchbeitrag

Associated

  • Jackson, Emerson Abraham
  • Jabbie, Mohamed
  • Springer Nature Switzerland
  • ZBW – Leibniz Information Centre for Economics

Time of origin

  • 2019

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