Question

To what extent should the government intervene in the market?

Answer 1

Answer:

The government tries to combat market inequities through regulation, taxation, and subsidies. Governments may also intervene in markets to promote general economic fairness. Maximizing social welfare is one of the most common and best understood reasons for government intervention.

Answer 2

Answer:

Hi mate,

Here is your answer,

Answer:-

• The government can interfere in the market to some extent.It cannot intervene so largely in local and public markets.It can intervene in any problems of import or export,trade,problems between shops and traders,merchants etc.There are some laws which is specified for the governments intervention in market and trade.So,it can only intervene to some extent in a contry like India too.

Hope this helps you.

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