In what ways can the government intervene in the economy for the benefit of the country’s citizens?

The government tries to combat market inequities through regulation, taxation, and subsidies. Governments may also intervene in markets to promote general economic fairness. Maximizing social welfare is one of the most common and best understood reasons for government intervention.

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The government tries to combat market inequities through regulation, taxation, and subsidies. Governments may also intervene in markets to promote general economic fairness. Maximizing social welfare is one of the most common and best understood reasons for government intervention.

overview. prohibition was a nationwide ban on the sale and import of alcoholic beverages that lasted from 1920 to 1933. prohibition led directly to the rise of organized crime. the twenty-first amendment, ratified in december 1933, repealed prohibition.