State Intervention in Market Economy

State intervention in a market economy refers to government actions designed to influence or regulate economic activity. This can include measures like setting laws to protect consumers, enforcing trade regulations, providing public goods (like infrastructure), or implementing welfare programs. Such interventions aim to correct market failures, promote fairness, ensure safety, and foster economic stability. While some advocate for minimal government involvement to encourage free-market principles, others argue that active intervention is necessary to address issues like inequality and environmental concerns, balancing individual freedoms with collective societal needs.