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What is the advantage and disadvantage of government intervention in business?
Wiki User
∙ 15y ago
It is because sometimes market fails to satisfy the needs of the consumers.So in that case we call it market failure.so therefore government needs fto intervene in order to keep the economy up the great standards,like in SA it is always the case for inflation to rise everyday wonder why?
Wiki User
∙ 16y ago
Wiki User
∙ 15y agoGovernment intervention in business means total disaster. The Government can administer but cannot manage. Government representatives having full authority but with no investment of their own can play havoc with investor's funds by reckless and thoughtless investment leading to double disaster.
Wiki User
∙ 15y agoFree economy is based around what people want right now, which can cause major problems for the future. eg. People want oil at 1p a litre. If that happened we would have used up all the oil in the world by now.
Wiki User
∙ 11y agoThey do it because they want to
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Why was there resistance to federal government intervention in the early years of the Great Depression?
Hoover's predecessors had taken a hands-off approach to business, which he agreed with.
What is one reason government intervention proved necessary during the Great Depression?
Bank failures and credit problems meant spiraling unemployment, home losses, and business failures.
How was laissez fair practiced in the gilded age?
The U.S. government rarely intervened in business affairs. Entrepreneurs like Morgan, Rockefeller and Carnegie did as they wished, true to the laissez-faire ideology (non-intervention).
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There were no government incentives for businesses.
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Allow them to raise prices = social critics: government is a tool of govern social. =
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