Market failures are the inefficient allocation of goods and services, that can occur in a free market economy.

Opinions as to what would follow range from the total collapse of civilization and mass starvation to mere inefficient allocation.

It will have negative effects on the economy, such as lower female participation rate and inefficient allocation of labour due to gender discrimination.

Drug companies' pursuit of private gain results in an inefficient allocation of resources and a social loss.

Thus the dictator should never choose an inefficient allocation inside the frontier.

Thus far we have shown that when there is no distortion in the market for meals, a tax on films will lead to an inefficient allocation.

Some research has indicated this might depress mobility and lead to inefficient allocation of housing.

The further result is inefficient allocation of both cost and care.

How can we finally bring an end to the inefficient and wasteful allocation of funding and to the political connivance in this area?

Today the system, some politicians and economists say, means too great a concentration of economic power and an inefficient allocation of resources.