Please read everything below before answering

Government intervention in the economy is often criticised as being inefficient and unequal. Some illustrations are:

Lack of value creation in exchange for financial gain (also known as "rent-seeking"). Business corruption Lobbying Tolerating deception and the use of force in the legal system (including patent infringement) Tolerating a single dominant company Oligarchs Different types of subsidies Asset price bubbles Plutocracies

I was wondering if anyone could give some real-world instances of them (just 1 or 2 of the listed) and discuss the effect they have on a country's economy. The answer should relate to microeconomic policy issues.

Must Include:

Academic based answers only which must include academic sources and references

When it comes to the process of strategic analysis and decision making within companies, having an understanding of how the government intervenes in the economy can be helpful. Because this topic is clearly relatable to events that are happening right now, you should use recent instances to exemplify the points you're trying to make.

These should be utilised to provide analytical depth and chances for critical discussion, particularly between 'public choice' and 'public interest' approaches. The posts should also demonstrate that you have understood the primary academic features that are presented in the reading.

Answer MUST include references and links for further reading and understanding of what has been written.

No more than four hundred word answer