QUESTION:
Within markets function analysis, many authors considered that "the existence of "market failure" and/or "government failure" has fuelled a lively debate about the relative merits of using the market or the state to coordinate and undertake various kinds of economic activity".
Discuss the above statement using examples
NOTES:
Word count: Discuss the above statement in no more than 1500 words.
Referencing: You must acknowledge all your sources of information using full Harvard Style Referencing.
Answering: Your response to the question should take the form of a full essay format divided into a number of paragraphs with introduction and conclusion without subheadings and bullet points.