Where our mission is to enable the underserved, unbanked, and no credit population to build and fulfill dreams by taking the Peoples Advantage. Peoples Advantage Federal Credit Union. PO Box 3180, Petersburg, VA 23805. Phone: 804.748.3081.
And we know that most bankruptcies in the US are related to medical expenses. The market driven US health care system murders more people than all the terrorist groups put together. I commented on the recent meningitis outbreak another example of market failure with devastating results.
Government failure. Government intervention to resolve market failures can also fail to achieve a socially efficient allocation of resources. Government failure is a situation where government intervention in the economy to correct a market failure creates inefficiency and leads to a misallocation of scarce resources.xcessive bureaucracy is also a potential government failure. This is caused by the public sector when it tries to solve the principal-agent problem. Government must appoint bureaucrats to ensure that its objectives are pursued by the managers of public sector organisations, such as the NHS.