Explain the difference between government failure and, Macroeconomics

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Explain the difference between government failure and

Gov & Econ

A minimum of 200 words per question, intext citations along with reference at the bottom of each answer

1. Explain the difference between government failure and market failure. Discuss the role of government in a market economy to address market failure.

2. Economic efficiency is how economists assess the desirability of outcomes. Discuss the two requirements for efficiency in a market economy.

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Macroeconomics: Explain the difference between government failure and

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Macroeconomics: Explain the difference between government failure and

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