Governments are mandated to maintain a certain level of cohesiveness in the various groups within it. They attain this by creating laws and regulations that the citizens need to follow. Rarely, definite circumstances require the government to step in and impose its authority - either by deterring certain actions, or by imposing a certain action to be taken. This independent power by the government can be utilized towards decent goals, or towards cruel goals in autocratic environments.
Government Intervention …show more content…
My study is divided to two parts: the first part is what are the types of government intervention and the second part I m going to analyze the recession in 2008 and how US government faced the recession and what are the solutions that the government came in to end the recession.
Types of Government Intervention
Many governments, at least those based on democratic ideals, pursue to help their people, defend their privileges, and allow them to follow their individual happiness and comforts. From time to time, but, governments choose to intervene in the economic and social lives of its citizens and their public sets. The various types of intervention frequently spark public debate about what is best for the individual and for the society.
Authoritative Intervention
John Stuart Mill, an economist and theorist, defined the commanding system of government intervention in his book, "Principles of Governmental Economy." This form of intervention includes governing the free agency of persons, and naturally relates to actions or delays that may cause harm or injury to another individual. For instance, the ban of homicide or assault is a government intervention designed to defend citizens. It clearly differentiates between private actions that are allowed and those that are harmful or contrary to the best interest of other