In what ways does the market fail where science and technology are concerned and can the government usefully address such failure

Essay from the year 2004 in the subject Economics - Macro-economics, general, grade: 70%, University of Hertfordshire (Business School), course: Economic Policy, language: English, abstract: This assignment will deal with the question in what ways markets for science and technology fail and how a government can address to these failures. As approach there will be first the defining of the terms us...