Final answer:
Agriculture and aerospace are examples of favored industries as they receive substantial government subsidies to ensure economic stability and maintain competitiveness. Other industries like airlines, banks, and steel companies are also supported and regulated by governments worldwide.
Step-by-step explanation:
Tax law has historically favored certain industries, serving as a reflection of government priorities and economic strategies. Agriculture and aerospace are examples of favored activities due to their significant impact on the economy and their presence in electorally influential states.
The U.S. government has provided substantial subsidies to these industries, protecting their profitability and covering the risks associated with the unpredictability inherent in farming and energy-related sectors. These actions are often driven by the need to ensure a stable food supply and to maintain competitiveness in high-tech industries central to national defense and innovation. Additionally, other industries such as airlines, banks, and steel companies have been regulated and supported by governments around the world to limit competition and maintain control over these vital sectors.