market failure

Noun

countable uncountable

(economics) A situation in which the allocation of goods and services by a free market is not efficient.

Japanese Meaning

自由市場が効率的に資源を配分できない現象。 / 市場メカニズムのみでは最適な資源配分が達成されない状態。

The economist warned that market failure could leave rural areas without essential healthcare services.

その経済学者は、市場の失敗により地方で必要な医療サービスが不足する可能性があると警告した。

Sense（1）

(economics) A situation in which the allocation of goods and services by a free market is not efficient.

market failures

（ plural ）