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Construct a discussion on the different ways that government intervenes in south africa . Support your...

Construct a discussion on the different ways that government intervenes in south africa .

Support your discussion by citing real life examples of such intervention from reliable sources.

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Answer #1

Answer:- Government intervention can be understood as the regulatory action taken by government that influence the decisions made by individuals, groups or organisations in an economy through taxation, subsidies etc.

It is beneficial for the society as it can promote greater equality of income as it keeps a check on market regulation and also promotes healthy competition.

If we talk particularly about South Africa, there exists the following types of government intervention:-

Area of intervention

Ways of intervention

Political

State building

Rule of Law

Democracy

Social

Social Equality

Nation building

Social Capital

Economic

Economic Growth

Facilitation of wealth distribution
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