There are several reasons why the State might intervene in business affairs and regulate businesses.
To prevent the formation of monopolies and check their power.
To internalize the social costs of businesses.
To control the rate of inflation.
To ensure that wealth is equitably distributed.
To prevent strategic technology from falling into the hands of rival states.
To prevent racial, gender and other forms of discrimination.
To protect the country’s moral fabric.
To protect local industries from foreign competition.