government intervention
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 promote public welfare, ensure fair competition, and address market failures.
Examples of government intervention include setting minimum wage laws, providing subsidies to certain industries, and enforcing safety standards. These actions aim to protect consumers, support economic stability, and promote social equity. However, the extent and effectiveness of such interventions can be a topic of debate among policymakers and economists.