Economics, Econometrics and Finance
8 years ago

Government Intervention in Markets: Balancing Efficiency and Equity for Societal Wellbeing

Commercial Research
Research on the Economic Function of Government in Market Economy
Liu Xin-xi

Paper Summary

The article discusses how government intervention is needed in a market economy due to market and government failures. It analyzes the economic function of our government based on certain principles and the current situation in our country.

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