What do you consider to be the biggest current market failure in the U.S. economy? Why? How should the failure be addressed? Consider costs and benefits.© BrainMass Inc. brainmass.com September 19, 2018, 1:27 am ad1c9bdddf - https://brainmass.com/economics/unemployment/market-failure-usa-economy-unemployment-433095
I consider that the biggest current market failure in the U.S. economy is unemployment. While the current recession may be as a result of unethical financial practices in the past, it is important to go back to the drawing board in realizing that the powerhouse that the U.S. became was primarily as a result of its workforce. As a result of the successes over the years, I believe that many people have forgotten where they have come from. The current national unemployment rate that could easily be within ...
This tutorial identifies unemployment as the biggest current market failure in the U.S. economy.