government failure
English edit
Noun edit
government failure (countable and uncountable, plural government failures)
- (economics) A situation in which a government intervention causes an economic inefficiency that would not exist in a true free market.
- Coordinate term: market failure
Translations edit
a situation in which a government intervention causes an economic inefficiency that would not exist in a true free market
|
Further reading edit
- government failure on Wikipedia.Wikipedia