ManusJustus on 29 September 2008
| Soleron said: Not that I want it to. Economic intervention by the government is inefficient and doesn't allow the free market to correct its mistakes. |
The free market cant correct its mistakes here.
MARKET FAILURE
When the market itself does no allocate resources efficiently due to: market power, externalities, public goods, and assymetric information.
http://www.economist.com/research/economics/alphabetic.cfm?letter=M#marketfailure
