In terms of encouraging technological innovation, the government should intervene to encourage growth if the market is not providing the right incentives and there is little risk of government failure.

Question

Quizplus · Accepted Answer

The government can intervene to correct market failures and provide incentives for technological innovation if there is low risk of government failure. This can be done through policies such as funding research and development, providing tax incentives, and creating a supportive regulatory environment.

In Terms of Encouraging Technological Innovation, the Government Should Intervene