Answer to Question #277714 in Macroeconomics for fifie

Question

Discuss the three broad functions of the government

Answer 1

$Solution$

1.Providing public services: the government is responsible for managing and providing utilities and services to the general public, such as public roads, education, and health care.

2.Market regulation: the government's role is to regulate the market by implementing rules and regulations to ensure that it operates fairly and without unfair trading practices.

3.Reducing poverty and inequality: the government ensures that everyone is treated equitably and resources are shared in an equitable way to alleviate poverty.