POLS30040 Lecture 9: Lecture 9
6 Oct 2016
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Document Summary
A benefit to a narrow group of interest. Goods or benefits of one group and redistributing them to another group. Welfare, social security, taxes, affirmative action policies, civil rights. This is about protecting a certain industry from competition. Passing a certain test so not everyone can open a shop . Protect public from negative effects of private business. The government can also contract out a lot of services. Such as contracting out jobs to private sector businesses for highway construction and trash collection. Government can provide spending for certain activities. Government can leave it up to the market to run its course. Using market principles to achieve desired outcome. Government can persuade people to behave a certain way. Using your own resources to your own economic benefit. A lot lower of barrier of entry to. It can limit affordable housing and can take permanent housing on the market. It is also sidestepping the hotel industry.
