Government intervention refers to the actions taken by a government to influence or regulate the economy and society. This can include implementing laws, regulations, and policies that affect various sectors, such as healthcare, education, and environmental protection. The goal is often to correct market failures, promote social welfare, or ensure fair competition.
Examples of government intervention include setting minimum wage laws, providing subsidies to certain industries, or enforcing regulations to protect consumers. Such actions can help stabilize the economy, support vulnerable populations, and address issues like pollution or monopolies, ultimately aiming to create a more equitable society.