Direction: Read and answer the following questions and use examples to enforce your answers.

1. There are two types of arguments for government intervention: political and economic. Political arguments are concerned with protecting the interests of certain groups within a nation (normally producers), often at the expense of other groups (normally consumers). Economic arguments are typically concerned with boosting the overall wealth of a nation to the benefit of all, both producers and consumers.

Question: Evaluate the political and economic arguments for government intervention and state which intervention is more suitable to current development scenario.

type the answer