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Government Failure

Government Failure

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Published by spotttygao
Discusses various reasons for government failure in the area of microeconomic policy
Discusses various reasons for government failure in the area of microeconomic policy

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Categories:Types, School Work
Published by: spotttygao on Feb 11, 2010
Copyright:Attribution Non-commercial


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Why do government actionsfail?
Problems with theactual policy itself 
Every policy has itsdisadvantagesE.g. Indirect taxation of demeritgoodsE.g. Regulation of monopoliesThese are not examples ogovernment failure.
Problems caused bythe government itself 
This is what is known asgovernment failure.
What is the main objective of governments?
What an economist would say:“In fact, governments have two objectives:in Microeconomics, solving problems dueto market failures; in Macroeconomics,controlling the economy to ensure thegreatest prosperity for the people.”In your experience, is this whatgovernments want?

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