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Government Failure
Government Failure
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Government Failure
Government Failure
Market Failure
Economic Policy
Pareto Efficiency
Government failure occurs when government intervention in the economy either does not lead to a Pareto efficient outcome or worsens the situation.
Read more about Government Failure.
Definitions
Harberger triangle
Harberger Triangle
Deadweight Loss
Welfare Economics
Market Failure
Government Failure
A geometric representation of the economic loss of welfare caused by market failure or government failure.
Read more about Harberger triangle.
Economics Terms Lexicon
Ultimate Dictionary of Economics and Beyond.
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