public intervention

Public intervention refers to actions taken by government or public authorities to influence or improve economic and social conditions. This can include policies like providing healthcare, education, social security, regulating markets, or offering financial support during downturns. The goal is to address issues that may not be adequately managed by private markets alone, ensuring fairness, stability, and well-being for society as a whole. Public intervention aims to correct market failures, reduce inequality, and promote sustainable development.