Question

Governments may intervene in a market economy in order to-
(a) Correct a market failure
(b) Protect property rights
(c) Achieve a more equal distribution of income
(d) All of the above​

Answer 1

Answer:

the answer is all of the above

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Answer 2

Governments have to intervene in a market for various reasons such as ensuring proper distribution of products, correcting market failure, etc.

Explanation:

• An economy can be unstable and be in a problematic situation. At the time of an economic crisis, the government is the only authority that can make efforts and improve the situation.
• Government intervention in the market is important to correct any economic failure or market crash.
• The government is also responsible for the protection of the property rights of individuals.
• It is also the duty of the government to ensure equitable and equal distribution of income.
• Therefore, D is the correct answer.