Get premium membership and access questions with answers, video lessons as well as revision papers.

What is the role of the government in the market?

      

What is the role of the government in the market

  

Answers


Faith
The government provides the framework within which all economic activities take place.

The government produces public goods and services.

The government also influences the production decisions of public firms through regulations, taxes and subsidies.

Faimus answered the question on February 25, 2019 at 19:07


Next: Briefly explain income distribution as a source of market failure
Previous: How does the government redistribute income?

View More Economics Questions and Answers | Return to Questions Index


Learn High School English on YouTube

Related Questions