economics……?

lavanderique: economics……?
do we need government intervention in the market?

Answers and Views:

Answer by seadog972
In my opinion is the answer is yes. The reason is because market failures exist. First off, the market “works” when there is consumer demand (let’s say baby food) and the market meets that demand and supplies baby food. A Market Failure occurs when consumer demand something, but the market does not supply the good (or service). This is a problem when its something consumers really need. For example, national security. everyone demands (wants) national security, but the private sector can’t or won’t supply it (this is another story about public goods). Thus it argued by me that government needs to step in meet the demand and supply it and everyone pays taxes to finance it. National Security is example of a public good. Lastly, I think government intervention can be justified to protect consumers from extremely high prices caused by monopolies. I hope this helps.

Answer by alcampell05
if you believe in free markets, then no government intervention

Answer by coreybelle2003
Anti-Trust laws… They prevent price fixing, tying and much much more. They are government regulated and they prevent mergers which hinder the markets. I mean this isn’t all there is to anti-trust laws but they are so in depth that ppl wouldn’t even read this answer.