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 vs. Market Failure: Microeconomics Policy Research and Government Performance. On what basis is one to conclude that a policy to correct a market failure is as successful as possible? The first consideration is whether government has any reason to intervene in a market: Is there evidence of a serious market failure to correct? The second is whether government policy is at least improving market performance: Is it reducing the economic inefficiency, or âdeadweightâ loss, from market failure?