Question: 1. Explain the term market failure(1 mark) 2. Discuss the key reason for the market failure in Sierra Leone in year 1980(1 mark) 3. According

1. Explain the term market failure(1 mark)

2. Discuss the key reason for the market failure in Sierra Leone in year 1980(1 mark)

3. According to McMillan (2002), discuss how the economy can maintain good market(1 mark)

4. As per the article discuss the consequences on corruption on Sierra Leone during 2017-18

(2 marks)

5. According to Cunningham (2011: 28-29), there are serious consequences for market failure by a nation, and particularly in a small and endowed country like Sierra Leone. Discuss 5 of those consequences that can arise due to market failure.(5 marks)

6. Discuss 5 recommendation as how the government of Sierra can overcome with market failure

Source - : https://mpra.ub.uni-muenchen.de/94577/1/MPRA_paper_94577.pdf

(Page 10)

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