Hayat Ashraf

Government intervention refers to the active involvement of the government in the economy or society to influence outcomes, address market failures, and promote public welfare. It involves the use of various policy tools and measures to regulate, guide, and support economic activities and social development. Government intervention can take different forms and serve different purposes. Here are some common reasons for government intervention: 1. Market Regulation: Governments intervene in markets to ensure fair competition, protect consumers, and prevent the abuse of market power. They establish regulations and enforce laws to address issues such as monopolies, price fixing, fraud, and deceptive practices. Market regulations aim to create a level playing field and maintain market integrity. 2. Public Goods and Services: Governments provide public goods and services that are essential for the well-being of society but may not be adequately provided by the private sector. These include i...