Types of Interventions
Economic interventions common in contemporary market-based economies targeted taxes, targeted tax credits, minimum wage legislation, union shop rules, contracting preferences, direct subsidies to certain classes of producers, price supports, price caps, production quotas, import quotas, and tariffs. Demand management and Keynesian economics (helicopter money) are sometimes cited as mild forms of economic planning, designed to overcome cyclical instability inherent in market economies, or to make market economies function properly in a desired fashion.
Government regulation over markets and/or firms can also be a type of intervention when it inhibits, corrects or distorts the market mechanism in setting the price of a good or service.
Read more about this topic: Economic Interventionism
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