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Imperfect marketStigliz said that goods and services are not just pure public goods and services that the market cannot provide an adequate way. As long as the private market cannot guarantee the provision of goods and services, even though the cost of providing lower cost that the individual can pay, then the failure of the market which in this case is called the market imperfections. A few typical examples of imperfect market when the market absence some areas like perfect not about credit, not perfect on production insurance or not perfect about the reach of technology.
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