"What would happen in school if there were no teachers, no behaviour rule, and student could bribe teachers or dump toxic waste on the field?"
--@LOCAL LEVEL--
--@NATIONAL LEVEL--
--@INTERNATIONAL LEVEL--
Nearly every economy in the world is a mixed economy & has varying degrees of government intervention
Governments intervention is necessary for several reasons & occurs on three distinct levels
Local intervention
National (macroeconomic) intervention
International intervention
The Role of Government In A Mixed Economy