Which term describes the inability of a market to bring about the allocation of resources that best satisfies the wants of socie

Question

2 years ago

12

ty?.

1 answer:

guajiro [1.7K] · Answer 1 · 2023-02-25T22:57:43+03:00

It should be noted that the inefficient allocation if resources is market failure.

<h3>What is market failure? </h3>

It should be noted that market failure simply means the inefficient distribution of goods and services.

Market failure is the the inability of a market to bring about the allocation of resources that best satisfies the wants of society.

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