Magister Commercii - MCom / The private market, if left to its own devices, often fails to achieve economic and social
efficiency. Some of the problems relate to the existence of externalities, the inability to
provide public _..goodsand services, lack of information and failure to achieve other
objectives such as greater equality, sustainable economic growth, higher levels of
employment and stable. prices. It is these instances of market failure that provide the
major justification for government intervention in the market.
| Identifer | oai:union.ndltd.org:netd.ac.za/oai:union.ndltd.org:uwc/oai:etd.uwc.ac.za:11394/7784 |
| Date | January 2004 |
| Creators | Goliath, Venecia Patricia |
| Contributors | Stoltz, E.AP. |
| Publisher | University of the Western Cape |
| Source Sets | South African National ETD Portal |
| Language | English |
| Detected Language | English |
| Rights | University of the Western Cape |
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