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Market failure

💡 Words with a Similar Meaning to "Market failure"

Found via reverse dictionary — words that share a conceptual meaning.

WordDefinition
missing marketnoun(economics) a situation in microeconomics where a competitive market allowing the exchange of a commodity would be Pareto-efficient, but no such market exists
market foreclosurenoun(economics) The use or result of commercial practices by one market participant or a group of market participants (possibly with governmental assistance) that limit the access of buyers and sellers to each other.
free marketnoun(economics) Any market in which trade is unregulated by government; an economic system free from government intervention.
competitive marketnoun(economics) A market in which no single firm can influence the price of a good or service due to the competitive nature of other firms in the market.
market equilibriumnoun(economics) A condition where a market price is established through competition such that the amount of goods or services sought by buyers is equal to the amount of goods or services produced by sellers.
factor marketnoun(economics) The system or infrastructure for economic exchange within which factors of production (such as labor, materials, or capital) are purchased or sold.
market anarchynounA form of social organization where individuals are free to trade for any commodity, including those usually reserved for the state.
seller's marketnoun(economics, finance, idiomatic) An excess of demand over supply, leading to abnormally high prices; a market condition favoring the seller.
market economynounAn economy in which goods and services are exchanged in a market, as opposed to a state-controlled economy.
demerit goodnoun(economics) A good that brings less benefit to the consumer the more it is consumed, which may be unexpected, potentially leading to an overconsumption in the free market, e.g. tobacco.
buyer's marketnoun(business) An excess of supply over demand, leading to abnormally low prices.
perfect marketnoun(economics) An atomistic market.
production externalitynoun(economics) An externality (negative or positive) that affects the production side of a market.
market clearingnoun(economics) The process of clearing the market.
perfect competitionnoun(economics) A theoretical type of market structure, where there are many firms providing homogeneous (especially, fungible) goods or services, resulting in allocative and productive efficiency in the long run but also precluding profitability.
black marketnounTrade that is in violation of restrictions, rationing, or price controls.
underconsumptionnoun(economics) Insufficient consumption (for financial stability).
structural deficitnoun(economics) That portion of the public sector deficit which exists even when the economy is at potential. Government spending beyond government revenues at times of normal, predictable economic activity, as opposed to a cyclical deficit.
uber problemnoun(urban studies) In urban law and planning, the challenges facing municipalities when regulating major multinational transport network companies (TNCs).
marketnounAny physical store selling groceries, such as a grocery store or convenience store.

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