A Market Failure Is an Example of A(n) ______ Justification

question 4

Short Answer

A market failure is an example of a(n) ______ justification for the government to enact policies.

---

Definitions:

Customer-Driven Production

A manufacturing approach focused on producing goods based on consumer demands and preferences.

Continuous Production

A process where raw materials or inputs are continuously fed into production equipment, and products come out continuously, typical for industries with high demand or in chemical manufacturing.

Blast Furnaces

Large industrial furnaces used to extract iron from its ore by a process involving heat and the reduction of the ore at high temperatures.

LEED

Leadership in Energy and Environmental Design, a globally recognized green building certification system promoting environmental responsibility.