What is the difference between market failure and government failure?

Select two trade theories that best explain why GEH expanded its operations of developing new drugs to India, and manufacturing X-ray business to China.
January 25, 2018
Identify key individuals or US Supreme cases that have shaped the criminal justice system.
January 25, 2018

What is the difference between market failure and government failure?

Answer in 150 words or more. Only use the attached Chapters 5 and 6 for reference.
What is the difference between market failure and government failure?
Is it difficult for markets to allocate scarce resources efficiently on its own?
What are some of the problems the political system faces in overseeing markets

 

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