Micro - government failure ✔️ Flashcards
1
Q
What is Government Failure
A
Where the government intervention in the economy or in a specific market fails to achieve its intended goals or creates t unintended negative consequences
2
Q
What Causes Government Failure
A
When the result of government intervention in the economy results in a net loss of economic welfare
3
Q
Real example of Government Failures
A
- NHS
- education
- inability to provide anything’s
- monopolies in the uk
