1.0Learning & Education Portalhttps://astan.lk/al_virtualclassroomAdminhttps://astan.lk/al_virtualclassroom/author/astan-preceptor1/Market System - Learning & Education Portalrich600338<blockquote class="wp-embedded-content" data-secret="NDtVr47xbN"><a href="https://astan.lk/al_virtualclassroom/market-system/">Market System</a></blockquote><iframe sandbox="allow-scripts" security="restricted" src="https://astan.lk/al_virtualclassroom/market-system/embed/#?secret=NDtVr47xbN" width="600" height="338" title="“Market System” — Learning & Education Portal" data-secret="NDtVr47xbN" frameborder="0" marginwidth="0" marginheight="0" scrolling="no" class="wp-embedded-content"></iframe><script type="text/javascript">
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Failure of the Market system Failure of the free market system means that the market mechanism is unable to allocate scarce resources for social benefit. Factors cause Market failure Externalities Imperfect competition Imperfect information Non provision of public goods Inefficiency in the provision of quasi public goods Provision of demerit goods