Market failures and necessity of government intervention in market economy

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The article embrace the problem arising in the economy due to the partial dysfunction of the market mechanism. The types of situations in which there is no market self-regulation are characterized. The main government functions which allow the state identify the market failures and ensures the most effective functioning of the market mechanism.

Keyword: negative external effects, "market failures", monopoly, public goods production, asymmetric information, government intervention

Короткий адрес: https://sciup.org/170180683

IDR: 170180683   |   DOI: 10.24411/2411-0450-2018-10125

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