There are myriad more single points of failure than there are redundant components and failsafe systems running today. Fortunately, most modern electronics work for many years. THIS DEFINITION IS ...

See abend and hardware failure. THIS DEFINITION IS FOR PERSONAL USE ONLY. All other reproduction requires permission.

Market failure refers to a situation defined by an inefficient distribution of goods and services in the free market. In an ideally functioning market, the forces of supply and demand balance each ...