Publication: Market failures in the Republic of Moldova
Date
Authors
Journal Title
Journal ISSN
Volume Title
Publisher
ASEM
Abstract
Description
BELENIUC, Nicoleta. Market failures in the Republic of Moldova = Eșecurile pieței în Republica Moldova. Coord. șt.: VACULOVSCHI, Dorin. In: Simpozion Ştiinţific Internațional al Tinerilor Cercetători, (8-9 aprilie 2022) [online]: Culegere de lucrări ştiinţifice. Ediţia a 20-a. Chişinău: ASEM, 2022, vol. 2, pp. 155-158. ISBN 978-9975-3590-3-0 (PDF).
Market failure expresses situations in which the market alone cannot allocate resources efficiently. This phenomenon is extremely important for contemporary economies, as it demonstrates that markets cannot operate efficiently solely on their own mechanisms, with a tendency to produce either too much or too little compared to social needs. CZU: 339.13.012(478); JEL: E64; DOI: https://doi.org/10.53486/9789975359030.32
Market failure expresses situations in which the market alone cannot allocate resources efficiently. This phenomenon is extremely important for contemporary economies, as it demonstrates that markets cannot operate efficiently solely on their own mechanisms, with a tendency to produce either too much or too little compared to social needs. CZU: 339.13.012(478); JEL: E64; DOI: https://doi.org/10.53486/9789975359030.32
Keywords
market failure, public goods, monopoly, externalities, macroeconomic instability