Market Failure – NBC Institute

PSAF – Nov 2018 – L2 – Q6 – Fiscal Policy and Public Finance

Discuss the concept of market failure and provide cases justifying government intervention in the economy.

Question

he need for government intervention in the economy is justified on the basis of market failure. In particular, the intervention has become inevitable in view of some practical situations for which the market is rather unhelpful.

Required:
a. Discuss the notion of “market failure” as a basis for government intervention.
(5 Marks)
b. Provide four illustrative cases to justify government intervention in the Nigerian economy.
(10 Marks)

Answer

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Tags: economic regulation, externalities, Government intervention, Market Failure, Public Goods
Level: Level 2

Topic: Fiscal Policy and Public Finance
Series: NOV 2018

BMIS – Jul 2023 – L1 – Q2a & Q2b – The external environment, Finance | R&D and marketing strategies

Elaborates on demand-side and supply-side market failures and outlines the benefits of positioning in an organization.

Question

a) During the period between September and December 2022, there was a situation of constant price level changes in Ghana. Observers and experts of Economics attributed the situation to market failures which can be demand-side market failure or supply-side market failure.

Required:
Elaborate on the two types of failures stated above.
(5 marks)

b) Positioning is an activity business organisations use to create a mental image of their products in the minds of their target markets.

Required:
Outline FIVE (5) benefits associated with positioning in an organisation.
(5 marks)

Answer

Find Related Questions by Tags, levels, etc.

Tags: Demand-Side Failure, Market Failure, Marketing Strategy, Positioning, Supply-Side Failure
Level: Level 1

Topic: Finance, R&D and marketing strategies, The external environment
Series: JULY 2023

PSAF – Nov 2018 – L2 – Q6 – Fiscal Policy and Public Finance

Discuss the concept of market failure and provide cases justifying government intervention in the economy.

Question

Answer

Find Related Questions by Tags, levels, etc.

Tags: economic regulation, externalities, Government intervention, Market Failure, Public Goods
Level: Level 2

Topic: Fiscal Policy and Public Finance
Series: NOV 2018

BMIS – Jul 2023 – L1 – Q2a & Q2b – The external environment, Finance | R&D and marketing strategies

Elaborates on demand-side and supply-side market failures and outlines the benefits of positioning in an organization.

Question

Required:
Elaborate on the two types of failures stated above.
(5 marks)

b) Positioning is an activity business organisations use to create a mental image of their products in the minds of their target markets.

Required:
Outline FIVE (5) benefits associated with positioning in an organisation.
(5 marks)

Answer

Find Related Questions by Tags, levels, etc.

Tags: Demand-Side Failure, Market Failure, Marketing Strategy, Positioning, Supply-Side Failure
Level: Level 1

Topic: Finance, R&D and marketing strategies, The external environment
Series: JULY 2023

Question Tag: Market Failure

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PSAF – Nov 2018 – L2 – Q6 – Fiscal Policy and Public Finance

Discuss the concept of market failure and provide cases justifying government intervention in the economy.

BMIS – Jul 2023 – L1 – Q2a & Q2b – The external environment, Finance | R&D and marketing strategies

Elaborates on demand-side and supply-side market failures and outlines the benefits of positioning in an organization.

PSAF – Nov 2018 – L2 – Q6 – Fiscal Policy and Public Finance

Discuss the concept of market failure and provide cases justifying government intervention in the economy.

BMIS – Jul 2023 – L1 – Q2a & Q2b – The external environment, Finance | R&D and marketing strategies

Elaborates on demand-side and supply-side market failures and outlines the benefits of positioning in an organization.

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PSAF – Nov 2018 – L2 – Q6 – Fiscal Policy and Public Finance

Discuss the concept of market failure and provide cases justifying government intervention in the economy.

You're reporting an error for "PSAF – Nov 2018 – L2 – Q6 – Fiscal Policy and Public Finance"

BMIS – Jul 2023 – L1 – Q2a & Q2b – The external environment, Finance | R&D and marketing strategies

Elaborates on demand-side and supply-side market failures and outlines the benefits of positioning in an organization.

You're reporting an error for "BMIS – Jul 2023 – L1 – Q2a & Q2b – The external environment, Finance | R&D and marketing strategies"

PSAF – Nov 2018 – L2 – Q6 – Fiscal Policy and Public Finance

Discuss the concept of market failure and provide cases justifying government intervention in the economy.

You're reporting an error for "PSAF – Nov 2018 – L2 – Q6 – Fiscal Policy and Public Finance"

BMIS – Jul 2023 – L1 – Q2a & Q2b – The external environment, Finance | R&D and marketing strategies

Elaborates on demand-side and supply-side market failures and outlines the benefits of positioning in an organization.

You're reporting an error for "BMIS – Jul 2023 – L1 – Q2a & Q2b – The external environment, Finance | R&D and marketing strategies"

Our offerings

Contact Info

Customer

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