Market failure means market mechanism can not or difficult to effective disposition of resources.
市场失灵就意味着市场机制不能或难以实现资源的有效配置。
In the research of redundant construction formation mechanism, the relatively mainstream research idea is formed by using "market failure" to explain redundant construction and overcapacity.
在重复建设形成机理的研究中，以“市场失灵”来解释重复建设、产能过剩形成的研究思路占据相对主流的位置。
Excessive education is a kind of failure of operation in market mechanism.
过度教育是市场机制运行失灵的表现。
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