market failure
Economics
noun
Failure on the part of the market system to provide the optimum level of production or quality of product or service; an instance of this.
Origin
1950s; earliest use found in Quarterly Journal of Economics.
| 单词 | market failure |
| 释义 | market failureEconomics noun Failure on the part of the market system to provide the optimum level of production or quality of product or service; an instance of this. Origin |
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