Traditional Culture Encyclopedia - Traditional festivals - What are the theoretical supports of traditional government regulation?

What are the theoretical supports of traditional government regulation?

public interests, market failure, etc.

1. Traditional government regulation thinks that the government should regulate the market to protect the interests of the public. The government ensures fair competition in the market and protects the rights and interests of consumers and the interests of the public through supervision and legislation.

2. The traditional government control thinks that the market is out of order, and the government corrects the market failure through supervision and regulation, so as to ensure fair competition and effective operation of the market.