government intervention
Policy affecting markets
Government intervention is action taken by the state to influence economic or social outcomes—through regulation, taxation, subsidies, or direct participation in markets.
Advocates see it as necessary to correct market failures or protect citizens; critics view it as inefficient or overreaching: The housing crisis prompted massive government intervention.
The term often carries political valence depending on the speaker.
- price controlsMandated limits on charges
- minimum wage lawsLegislated lowest permissible pay
- subsidiesFinancial aid from government
- stimulus packageGovernment spending to revive economy
- antitrust lawsRegulations preventing corporate monopolies
fiscal policy · quantitative easing · unemployment benefits · bailouts · too big to fail · tariffs · rationing · market failure · carbon taxes · central planning · nanny state · public housing · universal healthcare · trade restrictions · social security · fire safety regulations · licensing requirements · eminent domain
- economicssupply and demand, inflation, GDP, GNP, gross domestic product
- macroeconomicsGDP, GNP, gross domestic product, gross national product, inflation rate
- farm subsidiesfarm subsidies, crop subsidies, farm support, direct payments, support payments
government interventionlaissez-faire
Noninterference in commerce
free market · market economy · free enterprise · neoliberalism · free trade
government interventionprivate enterprise
Individually owned business operation
private sector · self-regulation · private ownership · consumer choice · entrepreneurship
government interventionderegulation
Removing governmental business restrictions
non-intervention · free rein · permissiveness · non-interventionism · limited government
government, governing, governed, governance, intervention, governments, intervening, governmental, governable