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Exact(25)
The market has failed to produce what the world needs.
Mr Thompson says the BBC will not restrict itself to areas where the market has failed.
"The entry of a premium automobile supplier into the volume market has failed miserably.
As Dickon Robinson, formerly of housing association the Peabody Trust puts it: "The market has failed.
In both cases, the market has failed to reach efficiency, because it has allocated resources and production without considering the externalities.
To desperate ministers who think the market has failed, letting the state step in seems increasingly a good idea.Mr Osborne is firmly opposed to it.
Similar(35)
So if the market had failed, the state needed to move in.
She made the case for an active state, intervening where the market had failed.
Similarly, flaws in the system of hiring executives can explain rapidly increasing pay only if the market had failed sensationally in the 1980s and 1990s.
However, experts believe the chancellor's interventions in the market have failed to address the root cause of the housing crisis: a lack of new homes.
Higher VAT receipts from a consumer-led recovery and stamp duty income from a booming housing market have failed to offset this drag".
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com