What is the example Government Intervention?

Question

What is the example Government Intervention?

and explain why.

Answer 1

As you probably know, Government Intervention is any activity that is undertaken by a government to protect the "public interest" and which requires a governmental effort that will affect a country's economy. The fear of Government Intervention is its encroachment of the peoples' Economic Freedoms in that country, because Economic Freedoms enable individuals to retain private ownership of the material factors of production, free enterprise, and market exchange.

Economic interventions common in modern governments include targeted taxes, targeted tax credits, minimum wage laws, union shop rules, contracting preferences, direct subsidies to certain classes of producers, price supports, price caps, production quotas, import quotas, and tariffs.

Answer 2

When they busted up Ma Bell (the telephone company AT&T) in 1956 for being a monopoly. That's one example.