In a market economy, the government may intervene to address the inequalities that market economies sometimes produce.

Question

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While market economies prioritize individual and corporate interests, they sometimes result in economic inequalities. As a result, governments may choose to regulate and intervene in markets to promote fairness and equal opportunities. This includes implementing policies such as minimum wage laws, progressive taxation, and social welfare programs to counteract inequality.

In a Market Economy, the Government May Intervene to Address