Discuss private-sector risks and the role government intervention has in improving economic efficiency

Please provide the best answer for the statement.

Private-sector risks protected by the government include ensuring only mutually agreeable transactions take place, outlawing price manipulation, and protecting property and human rights. The government ensures only voluntary transactions take place in the economy by making blackmail, extortion, and other forms of private coercion illegal. This moves the economy toward an efficient outcome by ensuring only those who value the good the highest purchase the product, and only those with the lowest willingness to sell produce it. The government also outlaws price manipulation by placing limitations on trade, price fixing, and refusal to honor a contract. Property and human rights are also protected by the government; laws are enforced to protect individuals and firms from theft, deception, and discrimination. The protections offered by the government reduce the risk of doing business and encourage investment, new businesses, and innovation.