government intervention
/ˈɡʌvənmənt ˌɪntərˈvɛnʃən/ · gov·ern·ment in·ter·ven·tion
noun
- The action taken by a state or its agencies to influence, regulate, or control economic or social activities. During the financial crisis, the government intervention included bail‑outs of major banks and stimulus spending.
- A policy or set of measures through which a government interferes in the free market to correct perceived failures or achieve social goals. Environmentalists argue that government intervention is necessary to curb pollution from heavy industry.
Synonyms
state involvementpublic interventionofficial actionregulatory actionstate controlgovernmental interferencepolicy interventionadministrative action
Antonyms
Did you know? The phrase gained prominence after the 1930s when Keynesian economics advocated active government intervention to stabilize economies, a shift that reshaped modern fiscal policy.