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What is Types and Impact of Government Intervention about?

The document discusses different types of goods and market failures that can provide justification for government intervention. It outlines four types of goods: private goods, club goods, common resources, and public goods. Problems like the tragedy of the commons and free riders can occur with common resources and public goods. The document also discusses unintended consequences of government intervention that were outlined by economists like Bastiat, including the broken window fallacy. It provides exampl

Author

ANDIKA JULIANTO

Language

EN