What role should the government have in economy?

Governments provide the legal and social framework, maintain competition, provide public goods and services, redistribute income, correct for externalities, and stabilize the economy.

Is the government responsible for the economic well being of its citizens?

Governments provide the parameters for everyday behavior for citizens, protect them from outside interference, and often provide for their well-being and happiness. In the last few centuries, some economists and thinkers have advocated government control over some aspects of the economy.

What role should the government play in society?

A government is responsible for creating and enforcing the rules of a society, defense, foreign affairs, the economy, and public services.

What role should government play in society?

What is the role of government in citizens life?

The government is responsible for ensuring security to the citizens and providing facilities for education and health to all. It collects taxes and spends the money on administration, defence and development programmes.

What is the role of economy in society?

Economics provides a framework for understanding the actions and decisions of individuals, businesses and governments. It provides a means to understand interactions in a market-driven society and for analyzing government policies that affect the families, jobs and lives of citizens.

What is the role of government in society?

How does the federal government affect the economy?

While consumers and producers make most of the decisions that mold the economy, government activities have a powerful effect on the U.S. economy in several areas. Perhaps most important, the federal government guides the overall pace of economic activity, attempting to maintain steady growth, high levels of employment, and price stability.

What is the role of government in promoting economic growth?

Promoting Stabilization and Growth. Perhaps most important, the federal government guides the overall pace of economic activity, attempting to maintain steady growth, high levels of employment, and price stability.

What are the factors affecting the role and size of government?

Factors Affecting the Role & Size of Government. 1 1. Population Density. Government tends to grow larger as the number of people governed increases. Helen Ladd, economist and professor of public 2 2. Size and Complexity of the Economy. 3 3. Interaction With Other Countries. 4 4. Social Goals and Beliefs.

Do you think the government should be involved in the economy?

I do think the government should be involved in the economy but to a point. The government influence on the economy should be limited so that they can influence but not control it. Of course there would have to be many laws put in place to ensure that everyone stays honest, and know one has to much power in the economy.