What is Market Failure?
Free
Resource URL
This video explains the concept of market failure in the market economy. Market failure happens when the price mechanism fails to allocate scarce resources efficiently or when the operation of market forces lead to a net social welfare loss.
Language:
English
Curriculum Alignment:
CAPS aligned
Publication Date:
2016-05-01
Grade:
12
Audience:
Learners
Teachers
Type:
Video
Categories:
Learning material Subjects
Software Requirements:
Video player
Copyright:
Standard YouTube License
