Spot price of West Texas Intermediate in relation to the price of Brent Crude. Historically price differences between Brent and other index crudes have been based on physical differences in crude oil specifications and short-term variations in supply and demand.
When does market failure occur? Whenever resources are not allocated efficiently. ie. total surplus is not maximised. What are the main types of market failure?
The Stock Market Crash of 1929 Americaâs Stock Market Crash of 1929 was a powerful market crash that started in October of 1929 after the Roaring Twenties economic âbubble boomâ finally popped. The Roaring Twenties were a time of peace and prosperity and the U.S. stock market soared as new technologies such as radio, the automobile and airplanes became commercialized.