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This video discusses about the Market Failure in detail. Market failure refers to inefficient distribution of goods and services in the free market. Or an inefficient allocation of resources. The topic covered in this video are:
• Introduction
• Complete and partial market failure
• Causes of Market Failures
o Externality
o Positive or Negative
o Public goods
o Market control
o Imperfect information in the market
o Factor immobility causes unemployment and a loss of productive efficiency.
• Solutions to Market Failures
o Use of legislation
o Price mechanism
o Subsidies
o Tradable permits
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