What does "state intervention" mean in economics? 🔊
"State intervention" in economics refers to government actions that influence or regulate the economy. This can involve policy measures such as fiscal stimulus, subsidies, tariffs, and regulations aimed at correcting market failures, promoting growth, or protecting public welfare. While proponents argue that such intervention is necessary for economic stability and social equity, critics contend it can lead to inefficiencies and stifle free-market principles. The extent and nature of intervention are often debated in political discourse.


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