If prices do not reflect production costs, it is difficult, if not impossible, to allocate resources efficiently.

In any case, Kuran holds, interest is indispensable to economic life; it serves to allocate capital and risks efficiently.

Market failure means that markets fail to allocate resources efficiently.

When a market fails to allocate resources efficiently, there is said to be market failure.

"We believe that complete and accurate information is required for the capital markets to efficiently allocate capital," states the first principle.

The government should let markets get on with the the job of allocating resources efficiently.

Perfectly competitive free market equilibrium will then allocate resources efficiently.

It often involves determining the way to efficiently allocate resources used to find solutions to mathematical problems.

"Market failure" occurs when private markets do not allocate goods or services efficiently.

But markets provide useful competition with local banks, which have a long way to go before they learn to allocate capital efficiently.