What term describes the control of the market through governmental intervention?

The term that accurately describes the control of the market through governmental intervention is "Market Regulation." This concept encompasses the various laws and policies set by the government to oversee and control market activities, ensuring fairness, competition, and consumer protection. Market regulation is necessary to mitigate risks, prevent monopolies, and ensure that companies adhere to certain standards and ethical practices.

Governments might implement regulations to influence prices, product quality, or the environmental impact of production. This intervention can promote a stable economic environment where businesses can operate fairly, thereby protecting consumers and ensuring the market operates efficiently.

Terms like "Market Manipulation" refer to unethical practices aimed at distorting market prices and do not imply legitimized government action. "Market Strategy" pertains to the methods employed by businesses to gain a competitive advantage, while "Market Competition" simply relates to the rivalry between businesses to attract customers and increase sales. Neither of these concepts involves the element of governmental control evident in market regulation.