Several e-commerce sites in Indonesia have experienced a stir in recent times. This can be seen in the termination phase (layoffs) carried out by a series of e-commerce companies, in fact, the same as global technology companies, such as Amazon, which recently laid off 10,000 of its employees. What is the role of the government in the public economic sector to intervene to avoid potential market failures? Please analyze with some theory that supports your argument and ten references from reputable books and journals.

Reference Link:

https://www.world-today-news.com/looking-for-the-cause-of-the-collapsed-e-commerce-crowds-and-employee-layoffs/