The Government Failure Corresponds to the Market Failure
Yang Lon
Abstract
Yang Lon
Abstract
The marketplace has the limitation that itself cannot overcome,thus government has to intervene the economy.At the time the government intervenes the market,there is also limitation of government itself in existence.In order to avoid externality problem brought by government's intervention to the market,there should be less government intervention to the economy.
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The marketplace has the limitation that itself cannot overcome,thus government has to intervene the economy.At the time the government intervenes the market,there is also limitation of government itself in existence.In order to avoid externality problem brought by government's intervention to the market,there should be less government intervention to the economy.
Key concepts: Government failure, Market failure, Economic interventionism, Government (linguistics), Externality, Order (exchange), Intervention (counseling), Economics