These are strategies where the government intervenes in the economy to correct market failures or promote social welfare. This can include measures like subsidies, tariffs, and regulations.
Subsidies: Financial assistance provided by the government to certain businesses or industries to help them remain competitive.
Tariffs: Taxes imposed on imported goods, often used to protect domestic industries from foreign competition.
Regulations: Rules set by the government that dictate how businesses can operate.
AP European History - 6.9 Institutional Responses and Reform
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