Which of following theories explain the emergence of nonprofits
A) market failure
B) government failure
C)voluntary sector failure
D)all of the above

Question

Quizplus · Accepted Answer

Theories explaining the emergence of nonprofits include market failure (where the private market cannot efficiently provide a good or service), government failure (where the government is unable or unwilling to provide a good or service), and voluntary sector failure (highlighting limitations within the nonprofit sector itself). These perspectives collectively contribute to understanding why nonprofits exist and how they complement the market and government sectors.

Which of Following Theories Explain the Emergence of Nonprofits