Government involving in business
Name
Institution
The following are the benefits of governmental intervention. The first one is that it increases the equality for all sects and the best interests for every person using the ways and the benefit every person in the market. This is very helpful as greedy and selfish people can use the market for personal gains than helping everybody get a profit from it. The second one is that it gives the incentive to increase the availability of the public merchandise as people can’t find the public goods on the free market as marked so (Arora, 2017).
The other one is that the education mandate for the goods to make the best give education and public awareness to increase the external benefits. This would increase the ways for the provision of other and better services to the market to understand the benefits. The other one is that it provides the best and safe environment for better aspects of the market-based. The following are also the disadvantages of government intervention. The first one is that the government may cause the very problems to be induced. This is when it makes the decision to be prepared for better ways.
The second one is that there is no drive or incentive in the public sector as compared to the private areas where there are drive and motivation to increase the chances of success and wealth. The third one is the political pressure groups, which are used to make the best ways out of the personal people for mutual benefit. The government is very deceitful about making plans to benefit the government’s desires and motives. The other is that the government makes futile procedures to help the small scale parts and different ways. This is so degrading to everyone’s benefits (Joo, Seo & Min, 2018).
References
Arora, R. (2017). Government intervention and financial sector development. In Development Finance (pp. 53-78). Palgrave Macmillan, London.
Joo, H. Y., Seo, Y. W. & Min, H. (2018). Examining the effects of government intervention on the firm’s environmental and technological innovation capabilities and export performance. International Journal of Production Research, 56(18), 6090-6111.