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Study with Quizlet and memorize flashcards containing terms like Definition of subsidy, Why does government give subsidies?, Deadweight Loss and more.
Study with Quizlet and memorize flashcards containing terms like Reasons for government intervention, 5 ways of government intervention, What are the 2 economics policies? and more.
14 Απρ 2024 · Definition: Government intervention in economic activities to achieve goals like economic stability, wealth redistribution, and provision of public goods. Examples: Setting monetary policies, regulating industries, providing social welfare programs.
Definition. Government intervention refers to the active involvement of government in the economy or specific sectors to influence economic outcomes. This can include regulation, subsidies, and direct support for businesses and individuals.
Government intervention refers to the involvement of the state in shaping policies and taking action to influence socio-economic conditions within a country. It can range from direct regulations and laws to indirect measures such as subsidies or tax incentives.
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from class: AP Microeconomics. Definition. Government intervention refers to the various ways in which a government actively involves itself in the economy to regulate, support, or correct market outcomes.
