`state-intervention` ile İlgili Madde Sonuçları

MARKET FAILURES AND THE ROLE OF THE STATE Market failure occurs when a free market economy is insufficient in allocating resources efficiently, ensuring overall societal welfare, or meeting social needs. In other words, when market mechanisms operate solely based on supply and demand principles, the general interests of society may be ignored and resources may be distributed unevenly. In free market economies, market failures arise when the supply and demand mechanism fails to optimize societal