Asked by Janae Omusi on May 15, 2024
Verified
Why is government intervention into economic systems needed?
A) to ensure economic growth
B) to improve market success
C) to promote new economic ventures
D) to promote economic stability
Government Intervention
Actions taken by a government to influence or directly manage an economy or specific industries, often to correct market failures or promote social welfare.
Economic Systems
The structured and organized ways societies allocate resources, produce goods and services, and distribute wealth among their populations.
Economic Stability
A state of steady financial conditions characterized by low inflation, steady growth, and low unemployment rates.
- Recognize the role and impact of government intervention in economic systems.
Verified Answer
Learning Objectives
- Recognize the role and impact of government intervention in economic systems.
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