You believe that through active government involvement in the economy, such as regulations and fiscal policies, societal inequalities can be reduced and economic stability can be achieved.
Economic interventionism is a political ideology that advocates for the government to play a significant role in influencing the direction of a country's economy. This ideology is based on the belief that unregulated markets can lead to undesirable outcomes such as inequality, market failures, and economic instability. Therefore, proponents of economic interventionism argue that government intervention is necessary to correct these market failures and promote social welfare.
The roots of economic interventionism can be traced back to the mercantilist policies of the 16th to 18th…
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