Market Failures and Their Implications for the Consumer

Gabriela Gheorghiu () and Gheorghiu Liviu
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Gheorghiu Liviu: Inspectorate of Border Police, Constanta County

Ovidius University Annals, Economic Sciences Series, 2012, vol. XII, issue 2, 410-414

Abstract: The present paper underlines that the internal functioning logic of the free market, approached from the perspective of the interests and motivations of the participants in economic activity, places even the rational consumer in an objectively unbalanced relation in favor of the producer/trader, although the first, with his needs and necessities, should be the origin and, at the same time, the final point of the production activity.

Keywords: consumer; producer; rationality; market failure (search for similar items in EconPapers)
JEL-codes: D11 (search for similar items in EconPapers)
Date: 2012
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Persistent link: https://EconPapers.repec.org/RePEc:ovi:oviste:v:xii:y:2012:i:2:p:410-414

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