Monday, October 24, 2011
Government intervention in the economy
The governement will not intervene in the economy except for particular industires . In mixed economy , the governement uses legislation for unsafe goods cateforized as illegal products such as military items . The government also uses direct provision , for example , education , defense and health to increase the standard of living . The government will carry out certain projects or produce certain goods that the private sector considers unprofitable . For example , low cost housing projects in Malaysia are administered by the government and cater to the lower income group . This project is not a profitable venture for private enterprise .
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