Understanding Market Failure in the Developing Country Context

Emerson Jackson and Mohamed Jabbie ()

EconStor Open Access Articles and Book Chapters, 2019, 1-10

Abstract: 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.

Keywords: Market Failure; Developing countries (search for similar items in EconPapers)
Date: 2019
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Citations: View citations in EconPapers (16)

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Working Paper: Understanding market failure in the developing country context (2019)
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Persistent link: https://EconPapers.repec.org/RePEc:zbw:espost:198043

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