Mapa mental
Market Failure
Contenido del mapa
Market Failure
Efficiency
- Maximising economic welfare
- Market efficiency
- Achieved by allocating resources so that society maximises net benefits
- Measured by total surplus
- Achieved by allocating resources so that society maximises net benefits
Economic Problem
- Resources are scarce and therefore must be used in best possible way rather then wasted
- Issue of relative scarcity
- Economic Scarcity
- Price reflects this
- changes in price
- Provide incentives to consumers and producers to make decisions
- changes in price
- Price reflects this
- Resources are scarce and therefore must be used in best possible way rather then wasted
Información
- Descripción
- econs Mapa Mental sobre Market Failure, creado por lucygs el 07/05/2013.
- Creado por
- lucygs · may 2013
- Actualizado
- 19 feb 2016
- Visitas
- 34
- Etiquetas
- Valoración