Analysing and Evaluating Government Intervention in Markets

Following are the some pints:

• To correct for market failures.
• The role of the government is to protect property rights.Uphold the rule of law and maintain the value of the currency.
• There are occasions when they fail  providing a case for intervention.
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• To improve the performance of the economy
• In a free market system  governments take the view that markets are best suited to allocating scarce resources.