Learn about market failure in economics, where supply and demand imbalances lead to inefficient distribution, its types, and causes.

Economic systems are defined by the method that a nation uses to allocate its goods and services. These systems have varying degrees of government control, and range from free market economies to ...

Carol M. Kopp edits features on a wide range of subjects for Investopedia, including investing, personal finance, retirement planning, taxes, business management, and career development. Development ...