Outrageously Funny Word Dictionary :: Devaul

👉 "Devaul" is a term used in the context of political economy and economics, particularly in relation to the concept of "market failure". It refers to situations where there are multiple market participants with different economic interests that cannot collectively agree on how to allocate their resources efficiently. In such cases, it can be argued that due to lack of coordination or cooperation among these participants, there may be a situation where one group's actions lead to the depletion of the other's resources, leading to market failure.

devaul