Meaning & use
intervention economics
Last updated
Meanings
noununcountabletechnical
The branch of economics that studies when and how governments should step into markets to fix problems or improve results.
Grammar: Used like a subject name; no plural and no article needed: 'Intervention economics is controversial.'
Patterns
- intervention economics suggests/argues that ...
- the principles of intervention economics
Her course on intervention economics examines when a government should rescue failing banks.
The paper applies intervention economics to explain subsidies for renewable energy.
Many debates in intervention economics come down to how much a state should spend.
noununcountable
The set of economic policies by which a government actively manages or directs an economy rather than leaving it to the market.
Grammar: Often used after 'a policy of' or 'support for': 'a policy of intervention economics'.
Patterns
- a policy of intervention economics
- support for intervention economics
The new administration promised a return to intervention economics after years of deregulation.
Critics say intervention economics can lead to higher taxes and slower growth.
The country's intervention economics kept fuel prices low but strained the budget.
Common combinations
- intervention economics suggests
- Intervention economics suggests that markets sometimes need a helping hand.
- a policy of intervention economics
- The government adopted a policy of intervention economics during the crisis.
- the study of intervention economics
- She chose the study of intervention economics for her master's degree.
- arguments for intervention economics
- Arguments for intervention economics often cite the Great Depression.
Synonyms and how they differ
- Keynesian economics
- A specific school within intervention economics that stresses government spending to boost demand; intervention economics is the broader label.
- state intervention
- The actual act of a government stepping in; intervention economics is the academic study or policy framework behind it.
Opposites
Word family
- intervention noun
- An act of becoming involved in a situation to change it.
- interventionist adjective
- Favoring government involvement in the economy.
- intervene verb
- To become involved in a situation in order to change what happens.
Commonly confused: intervention economics or intervention economy?
intervention economics vs intervention economy
This is not a standard term; the usual phrase is 'intervention economics' for the field, or 'interventionist economy' for a country that uses such policies.
Practice
The professor's book on ______ argues that governments must sometimes rescue key industries.
Choose one answer.
'Intervention economics' is the fixed academic term for the field. 'Economic intervention' refers to a single act of government involvement, not the discipline.
Make it your own
Write a sentence using “intervention economics”, then check it and compare it with the examples above.