Market Failure and the Role of Government Student’s Name Institution Market Failure and the Role of Government Market failure has been one of the common issues in many markets. The failure affects many established markets due to lack of proper allocation of resources within the market. Different types of market failures exist which includes failure due to the distribution of resources. Every government has a desire to have all its resources appropriately distributed into the market since they are the pillars of their economy. The government intervenes since when the market fails the failure has a direct impact on the economy (Welker 2017). For the government to rectify the market failure there is always need to understand the markets will be resourceful at any given time. The government should also work hard to correct any market failure that may arise which will be a benefit to any shareholder of the market. References Welker J. (2017). Market Failure and the role of government in the economy ~ an introduction to Environmental Economics. Economics in Plain English. Retrieved 5 November 2017 from welkerswikinomics.com R. Rivera Batiz L. & Rosales-Tijerino J. (2010). Productive Development Policies in Costa Rica: Market Failures Government Failures and Policy Outcomes. SSRN Electronic Journal. dx.doi.org D. & Quigley J. (2011). The future of the government-sponsored enterprises. Cambridge Mass.: National Bureau of Economic Research. University S. (2017). Florida Catholic University. [online] Saint Leo University. Available at: www.saintleo.edu [Accessed 5 Nov. 2017]. [...]
I need this in 2 hours. Double Spaced 2-3 Pages APA 12pt Times New Roman font Describe the role government should play in correcting for market failures. Make sure to apply Saint Leo’s Core Values to your analysis, remembering that responsible stewardship calls on us to be ‘resourceful’. You should cite specific examples and applications, and take a clear stand on whether you believe the actions of government work towards resolving market failures or not. This assignment must be a 2-3 page Word Document and use 12 pt. Times New Roman font with proper APA citations. Be sure to review the scoring rubric here. Rubric attaches St. Leo Values below Saint Leo University is a Catholic, liberal arts-based university serving people of all faiths. Rooted in the 1,500-year-old Benedictine tradition, the university seeks balanced growth in mind, body, and spirit for all members of its community. At University Campus, at education centers, and through the Center for Online Learning, Saint Leo University offers a practical, effective model for life and leadership in a challenging world; a model based on a steadfast moral consciousness that recognizes the dignity, value, and gifts of all people. To accomplish its mission, the university community creates a student-centered environment in which the love of learning is of prime importance. Members of the community are expected to examine and express their own values, listen respectfully to and respond to the opinions of others, serve the community in which they live, welcome others into their lives, and care for all of God’s creations. Core Values Excellence Saint Leo University is an educational enterprise. All of us, individually and collectively, work hard to ensure that our students develop the character, learn the skills, and assimilate the knowledge essential to become morally responsible leaders. The success of our University depends upon a conscientious commitment to our mission, vision, and goals. Community Saint Leo University develops hospitable Christian learning communities everywhere we serve. We foster a spirit of belonging, unity, and interdependence based on mutual trust and respect to create socially responsible environments that challenge all of us to listen, to learn, to change, and to serve. Respect Animated in the spirit of Jesus Christ, we value all individuals’ unique talents, respect their dignity, and strive to foster their commitment to excellence in our work. Our community’s strength depends on the unity and diversity of our people, on the free exchange of ideas, and on learning, living, and working harmoniously. Personal Development Saint Leo University stresses the development of every person’s mind, spirit, and body for a balanced life. All members of the Saint Leo University community must demonstrate their commitment to personal development to help strengthen the character of our community. Responsible Stewardship Our Creator blesses us with an abundance of resources. We foster a spirit of service to employ our resources for University and community development. We must be resourceful. We must optimize and apply all of the resources of our community to fulfill Saint Leo University’s mission and goals. Integrity The commitment of Saint Leo University to excellence demands that its members live its mission and deliver on its promise. The faculty, staff, and students pledge to be honest, just, and consistent in word and deed.