Jump to content

Question on Market Failure


Recommended Posts

I'm doing an Extended Essay on the economics of maid-servants and was wondering if the market for female domestic maid-servants was an example of a market failure. There is one prominent characteristic about this market. The government has set a minimum wage and has also legislated that there is a fixed amount of hours a worker can work. However, this is not being followed. Most domestic workers dont know about this. Which is leading to the misallocation of the service. Can this be considered as a market failure?

Thank you.

Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

×
×
  • Create New...