When government causes less efficiency than the market, it is called

Name: When government causes less efficiency than the market, it is called
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When government causes less efficiency than the market, it is referred to as government failure. This occurs when government intervention leads to a less optimal outcome than if the market was left alone to operate. It can happen due to various reasons such as bureaucratic inefficiencies, political pressure or lack of information.

When Government Causes Less Efficiency Than the Market, It Is