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Inadequate medical supplies or prices well above costs are evidence of what economists call market failure.

He admits that he can never call market tops and bottoms or predict how far prices will fluctuate.

Public broadcasting began as a response to what progressives nowadays call “market failure.”

These three major planks of what many call “market fundamentalism” share the same essential flaw: they take old conservative ideas and dumb them down by stripping them of all subtlety and nuance, in the process perverting their meaning to something completely at odds with the traditions of principled conservatism.

It is what economics textbooks call an externality, which in turn is one example of what they call "market failures".