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Topic: Government intervention


In the News (Mon 12 Nov 18)

  
  Encyclopedia of Business, 2nd ed. - Dev-Eco
Devaluation is sometimes used more generally to describe any significant drop in a currency's international exchange rate, although usually a decline caused by market forces with no government intervention is termed a depreciation.
Direct investments are governed by the laws of both the country in which the parent company is domiciled and the country in which the subsidiary does business.
A duty is a tax imposed by a government on imported or exported goods.
www.referenceforbusiness.com /encyclopedia/Dev-Eco/index.html   (1186 words)

  
 Recession - Wikipedia, the free encyclopedia
Market-oriented economies are characterized by economic cycles, but actual recessions (declines in economic activity) do not always result.
There is much debate as to whether government intervention smooths the cycle (see Keynesianism), worsens it, or even creates it (see monetarism).
Recessions are caused by a combination of endogenous cyclical forces and exogenous shocks.
en.wikipedia.org /wiki/Recession   (592 words)

  
 Public Goods and Externalities, by Tyler Cowen: The Concise Encyclopedia of Economics: Library of Economics and Liberty
Most economic arguments for government intervention are based on the idea that the marketplace cannot provide public goods or handle externalities.
Governments rely on bureaucracy and have weak incentives to serve consumers.
Government often creates a problem of "forced riders" by compelling persons to support projects they do not desire.
www.econlib.org /library/Enc/PublicGoodsandExternalities.html   (1393 words)

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