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Storyboard Description

Markert Failture

Storyboard Text

  • One type of market failure is Public Sector which is the part of the economy that is primarily controlled by government.
  • Another type of market failure is Private Sector which is the part of the economy that is run by private individuals and companies that seek profit.
  • Public Goods is Public goods have two criterias nonexclusion cannot exclude people from enjoying the benefits [even if they do not pay],
  • A free rider are individuals that benefit without [nonrivalry].
  • Solving the problem is to find new ways to punish free not reduce the US efullness.
  • A positive Market Failure is situation that result "spillovers' to other poeple or someone in the society.
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