Newsletter sign up. Government intervention is regulatory action taken by government that seek to change the decisions made by individuals, groups and organisations about social and economic matters.Government intervention is any action carried out by the government that affects the market with the objective of changing the free market equilibrium / outcome. Maximum Price Analysis - Revision Video Share: The government or an industry regulator can set a maximum price to prevent the market price from rising above a certain level. Take A Sneak Peak At The Movies Coming Out This Week (8/12) Hollywood Stars Celebrate The Power of Music at Billboard Music Awards 2021 Bribing can be an example: Say a citizen owes some money to the government and he has make the payment to a govt official. I had previously posted this answer in GT forum, but thought of posting it here as i feel its an apt example. Price discrimination is a pricing strategy that charges customers different prices for identical goods or services according to certain criteria.
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