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Government Intervention In Marketplace Essay

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Australian Government Intervention in the Market:
 
Minerals
 Resources
 Rent
 Tax
 

 
Government
 intervention
 occurs
 for
 three
 main
 reasons;
 the
 allocation
 of
 resources;
 
the
 redistribution
 of
 wealth;
 and
 for
 economic
 stability.
 Through
 providing
 
incentives,
 such
 as
 subsidies,
 funding
 and
 guidelines
 for
 certain
 industries
 or
 
disincentives,
 such
 as
 laws
 and
 taxation,
 governments
 can
 dictate
 what
 is
 produced,
 
how
 it
 is
 produced,
 how
 much
 of
 it
 is
 produced
 and
 how
 it
 is
 distributed.
 

 
The
 Australian
 Government
 introduced
 the
 mineral
 resources
 rent
 tax
 (MRRT)
 in
 July
 
2012,
 in
 response
 to
 the
 public’s
 growing
 demand
 that
 mining
 companies
 should
 be
 
more
 heavily
 taxed.
 The
 MRRT
 is
 placed
 on
 companies
 whose
 profits
 are
 generated
 
from
 Aus...

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