1. Government Intervention
Yet the government has to some extent always been involved in regulating and guiding the U.S. economy. ... In other words the main reason for the government to intervene is to promote efficiency and equity. ... Government, at the federal, state and local levels, seeks to promote the public safety, assure reasonable competition, and provide a range of services believed to be better performed by public rather than private enterprise. ... In other industries, government sets guidelines to ensure fair competition. The government provides many kinds of help to businesses and individuals....
- Word Count: 407
- Approx Pages: 2
- Grade Level: Undergraduate