Market failure

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  • Market failure
    • causes
      • imperfect information
      • monopolies
      • positive externalities
      • Factor immobility
      • negative externalities
      • Equity (fairness) issues.
    • leads to
      • Productive inefficiency
      • Allocative inefficiency
    • government intervention
      • Legislation and Regulation
      • Direct State Provision of Goods and Services
      • Direct State Provision of Goods and Services
      • Fiscal Policies
        • Tax relief
        • Subsidies
        • Changes to taxation and welfare payments
        • Indirect taxes

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