The first representative cause of the market failure is public goods.
½ÃÀå½ÇÆÐÀÇ ¿øÀÎÀ¸·Î ²ÅÀ» ¼ö ÀÖ´Â ´ëÇ¥ÀûÀΠù ¹ø° °ÍÀº °ø°øÀçÀÌ´Ù.
Public goods officials refer to goods or services that all members can enjoy consumption benefits when production is produced by an economic entity.
°ø°øÀçÍëÍì ¾î¶°ÇÑ °æÁ¦ÁÖü¿¡ ÀÇÇؼ »ý»êÀÌ ÀÌ·ç¾îÁö¸é ±¸¼º¿ø ¸ðµÎ°¡ ¼ÒºñÇýÅÃÀ» ´©¸± ¼ö ÀÖ´Â ÀçÈ ¶Ç´Â ¼ºñ½º¸¦ ¸»ÇÑ´Ù.
The following are external effects.
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External effects are when the activities of an economic entity incur benefits or costs to a third party, that is, society, not a party to the activity.
¿ÜºÎÈ¿°úèâÝ»üùÍý´Â ¾î¶² °æÁ¦ ÁÖüÀÇ È°µ¿ÀÌ ±× È°µ¿ÀÇ ´ç»çÀÚ°¡ ¾Æ´Ñ Á¦3ÀÚ Áï »çȸ¿¡°Ô ÆíÀÍÀ̳ª ºñ¿ëÀ» ¹ß»ý½ÃŲ °æ¿ìÀÌ´Ù.
This refers to the case that the incurred benefit or cost is not reflected in the price system, resulting in inefficiency of resource allocation.
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There is also information asymmetry.
¶ÇÇÑ Á¤º¸ÀÇ ºñ´ëĪ¼ºÀ» µé ¼ö ÀÖ´Ù.
Information asymmetry means that when a transaction occurs in the market, one side has more information than the other.
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