Save
...
Market Mechanism, Market Failure and government intervention
The meaning of market failure
What is meant by a misallocation of resources?
Save
Share
Learn
Content
Leaderboard
Learn
Created by
Ricky £
Visit profile
Subdecks (1)
Why may there be a misallocation of resources in markets?
Year 1 Microeconomics > Market Mechanism, Market Failure and government intervention > The meaning of market failure > What is meant by a misallocation of resources?
1 card
Cards (2)
What is meant by a misallocation of resources?:
Misallocation of resources means that resources are not put to their most
efficient
use
See all 2 cards