The result of government intervention in the market is that

Question

Quizplus · Accepted Answer

Government intervention in the market can have both positive and negative effects, depending on the specific circumstances and the effectiveness of the intervention. In some cases, government intervention may lead to market inefficiencies, distortions, and unintended consequences, which could harm consumers, producers, and the overall economy. For example, price floors may lead to surpluses, price ceilings may lead to shortages, subsidies may distort incentives and prices, and tariffs may reduce trade and raise prices. Therefore, it is not accurate to say that society is always better off or always worse off because of government intervention. It depends on the context and the outcomes.

The Result of Government Intervention in the Market Is That