List Three Causes of Market Failure and Give an Example

question 5

Essay

List three causes of market failure and give an example of each.

---

Definitions:

Segregated Neighborhoods

Areas within cities or towns where living spaces are separated into distinct sections based on racial, ethnic, or social lines, often as a result of historical, social, or economic factors.

Containment

A strategy or policy aimed at preventing the expansion of a hostile force or ideology, often in a geopolitical context.

Health Inequities

Unfair and avoidable differences in health status seen within and between different population groups.

Intersectional Health Equity

A framework that studies how overlapping social identities (such as race, gender, and class) impact access to health equity, aiming for all individuals to achieve optimal health regardless of these intersecting factors.