The best way to conference proceedings by Francis Academic Press

Web of Proceedings - Francis Academic Press
Web of Proceedings - Francis Academic Press

The Pull-in of the Government Intervention Mechanism in the Distribution of Market Income

Download as PDF

DOI: 10.25236/icemc.2019.074


Zijian Xu

Corresponding Author

Zijian Xu


The paper classifies the social product or services into four types according to the availability and acceptability, and analyzes the equilibrium price changes of different products. On the basis of this, the market mechanism is further explained that the price of the product or services often deviates from the value, namely market failure. Therefore, this paper draws a conclusion that the price is not a simple market issue. It cannot be solved by the market mechanism alone and we must pull in the government intervention mechanism to make them work together on the price of labor.


Product types, Labor price, Value, Government intervention mechanism