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[Editor:] Filho, Walter L. et. al. [Title:] Decent Work and Economic Growth: Encyclopedia of Sustainable Development Goals [Publisher:] Springer Nature Switzerland [Place:] Cham [Year:] 2019 [Pages:] 1-10
Springer Nature Switzerland, Cham
Market failure makes it difficult to achieve the condition of economic efficiency by distorting price mechanisms and normal distribution of goods and services thereby, leading to welfare loss. They are entrenched in the socio-economic fabrics of most developing countries, underpinned by the lack of well-functioning market structures and economic systems – which are supposed to make the market economy resilient to such economic shortcomings.
Abstract (Translated): 
La défaillance du marché rend difficile la réalisation de la condition d'efficacité économique en faussant les mécanismes de prix et la distribution normale des biens et des services, entraînant ainsi une perte de bien-être. Ils sont enchâssés dans les tissus socio-économiques de la plupart des pays en développement, sous-tendus par l'absence de structures de marché et de systèmes économiques fonctionnant bien, censés rendre l'économie de marché résiliente face à ces défaillances économiques.
Market Failure
Developing countries
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Accepted Manuscript (Postprint)

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