Market Failures, Taxes, and Subsidies

Season 1Episode 2110 minjanv. 22, 2016
Market Failures, Taxes, and Subsidies
This week on Crash Course Econ, Jacob and Adriene are talking about failure. Specifically, we're talking about market failures. When markets don't provide a good or service efficiently, that's a market failure. When markets fail, often governments step in to provide those services. Stuff like public education or military protection are good examples of market failures. So, what are some of the ways governments address, market failures? Well, it's funny you should ask, as we also talk about that in this episode. We'll get into taxes and subsidies and externalities and a bunch of other important stuff this week on Crash Course Econ.
Market Failures, Taxes, and Subsidies has aired on janv. 22, 2016
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