A descriptive overview of product regulation in South Africa
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Date
2004
Authors
Journal Title
Journal ISSN
Volume Title
Publisher
University of the Western Cape
Abstract
The private market, if left to its own devices, often fails to achieve economic and social
efficiency. Some of the problems relate to the existence of externalities, the inability to
provide public _..goodsand services, lack of information and failure to achieve other
objectives such as greater equality, sustainable economic growth, higher levels of
employment and stable. prices. It is these instances of market failure that provide the
major justification for government intervention in the market.
Description
Magister Commercii - MCom
Keywords
Government intervention, Market failures, Lack of information, Consumer safety, Hazardous products