government intervention

Definitions

Regulatory action taken by a government to influence or control the decisions made by individuals, groups, or organizations regarding social and economic matters.

The practice of a state authority intervening in the operation of a free market to correct inefficiencies, provide public goods, or address social inequities.

Examples

The economic crisis prompted significant government intervention to stabilize the banking sector.

Many economists debate whether government intervention in the free market ultimately helps or hinders long-term growth.

Synonyms

state interference public sector involvement regulatory action policy implementation official oversight administrative control

Antonyms

laissez-faire free market economy non-interference deregulation private sector autonomy market self-regulation