Answer to Question #66559 in Economics for Athira

Question

'it is necessary to take steps to move towards good govetnance to ensure sustainable development' comment

Answer 1

It is really necessary to take steps to move towards good governance to ensure sustainable development, but the level of government intervention shouldn't be high, because there should exist a free market, which will just be regulated by the government in such industries and sectors of economy, where market fails to self-regulate.