Discuss how the term market failure is understood in the context of public financial management.

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Discuss how the term ‘market failure’ is understood in the context of public financial management.

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Public Finance Fundamentals

ISBN: 9781485129462

3rd Edition

Authors: K. Moeti

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Question Posted: Mar 19, 2024 02:00 AM

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Discuss how the term market failure is understood in the context of public financial management.

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In the context of public financial management the term market failure refers to situations where the allocation of resources in the economy by the market mechanism leads to inefficient outcomes or fai...View the full answer

Public Finance Fundamentals

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