Economics A Level: What is a Complete Market Failure.
-Give an Example using National Defence

Question

What is a Complete Market Failure.
-Give an Example using National Defence

go kys · Accepted Answer

-This is when no Market Exists. Simple
-National Defence is such an Example as no Markets will Allocate National Defence, meaning Governments must Intervene

Economics A Level

What is a Complete Market Failure. -Give an Example using National Defence

-This is when no Market Exists. Simple -National Defence is such an Example as no Markets will Allocate National Defence, meaning Governments must Intervene

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