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07:07 Mar 17, 2008
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English to Serbo-Croat translations [PRO] Bus/Financial - Economics / state aid
English term or phrase:market failure
Nesavrsenost tržišta, Neuspeh tržišta, tržišni neuspeh? Kao razlog za intervenciju države u obliku državne pomoći.
Da li postoji uvreženi prevod?
State aid may be necessary to increase R&D&I in the economy only to the extent that the market, on its own, fails to deliver an optimal outcome. It is established that certain market failures hamper the overall level of R&D&I in the Community. However, not all undertakings and sectors in the economy are confronted to these market failures to the same extent. Consequently, as regards measures subject to a detailed
Explanation: Market failure is a term used by economists to describe the condition where the allocation of goods and services by a market is not efficient. The first known use of the term by economists was in 1958, but the concept has been traced back to the Victorian philosopher Henry Sidgwick. The belief that markets can fail is a common mainstream justification for government intervention in free markets. Economists, especially microeconomists, use many different models and theorems to analyze the causes of market failure, and possible means to correct such a failure when it occurs. Such analysis plays an important role in many types of public policy decisions and studies. However, not all economists believe that market failures occur, or that they are compelling arguments for government intervention, due to government failure.