Social Sciences, asked by anu7894, 9 months ago

what are the reasons for the governments failure in providing Social justice to all​

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Answered by Thezoo23
7

Answer:

Government failure.' You might think that sounds like a political science term, but it actually has a lot more to do with economics. In America, it's not uncommon to hear someone say that government is the problem. Whether or not you believe that has a lot to do with how you think about the economy and government failure.

Government failure refers to when the government intervenes in the economy to fix a problem, but only ends up creating more problems. That means it harms social welfare and/or makes the market less efficient. In order for government failure to occur, there first has to be a market failure. That means that the market is failing to produce positive outcomes for society. The government will then decide whether and how to intervene. If the government intervenes and only makes the problems worse, then it has failed.

The term originated in the 1960's when economists began to criticize any government intervention or regulation of the economy. At that time, economists who believed in laissez-faire capitalism argued that the free market was inherently efficient. They began to argue that government always created inefficiency, and was always a problem.

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