Explain government involvement in business?

Question: Explain government involvement in business?

Different governments may have different levels and forms of involvement in business depending on their political systems, ideologies, and objectives. Some governments may have a more laissez-faire approach that minimizes their interference in the market, while others may have a more interventionist approach that actively shapes and controls the market. The effects of government involvement in business can be positive or negative depending on the context, the quality of governance, and the balance between costs and benefits for different stakeholders.

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