Video on Market Failure

Sorry, the light is not so good in this video. On the white board I had written some different types of Market Failure

Public Good

Inequality

Merit Good

Monopoly

.

Factor Immobility e.g. Structural / geographical Unemployment

Agriculture e.g. volatile prices, volatile incomes for farmers

Cyclical Instability – Recessions,

Externalities

Demerit Goods

~

More Market Failure