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Questions tagged [economic-failure]

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Similarities between microeconomic and macroeconomic failure. And, how microeconomic failures affect the economy at the macro level?

I can't make a relation between microeconomic and macroeconomic failures? I know they have differences. However, I want to know the effect of these two economic breakdowns on each other. I am meaning ...
Sumya Hoque's user avatar
4 votes
3 answers
2k views

Is market failure the same allocative inefficiency?

From an IB Economics book (in the microeconomics section): The part in blue suggests market failure is the same as allocative inefficiency, but the part in red seems to suggest that market failure is ...
BCLC's user avatar
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5 votes
2 answers
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How can the abuses of monopoly power lead to market failure?

I know that the abuses of monopoly power can cause market failure, but I don't know why that is. I am guessing that because monopolies face a lack of competition, they have no incentive to improve ...
user7848's user avatar
10 votes
5 answers
3k views

Are there real world examples of a shoe event horizon?

This is a famous quote from Douglas Adam's The Restaurant at the End of the Universe: Many years ago this was a thriving, happy planet – people, cities, shops, a normal world. Except that on the ...
curiousdannii's user avatar
-4 votes
1 answer
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Help a writer worldbuild a failing economy [closed]

I'm writing fanfiction for the superhero serial novel Worm. The main setting in Worm is Brockton Bay, a failing city of about 300,000 people. The economy has been in decline since the decline of ...
user49357's user avatar