Defend or refute the argument that the government has too large a presence in the agriculture industry.
1 answer:
1. Greater equality - redistribute income and wealth to improve equality of opportunity and equality of outcome.
2. Overcome market failure - markets fail to take into account externalities and are likely to under-produce public/merit goods.
3. Macroeconomic intervention - intervention to overcome prolonged recessions and reduce unemployment.
4. Disaster relief - only government can solve major health crisis such as pandemics.
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