Question
What is the role of the government in a mixed economy??? I rlly need helppppppp
Answers
PsyDAG
From Internet:
Improving Efficiency of the Economic System: An important function of the government is to assist in the socially desirable allocation of scarce resources.
Controlling Externalities and Public Goods: The unregulated market may and often do produce too much air, water and land pollution as also greenhouse-gas emission, leaving too little resources for investment in public health or knowledge.
Supplying Correct Information: This is an age of information and knowledge and information is now treated as a separate factor of production, a new form of capital particularly after the recent information revolution all over the world.
Improving the Distribution of Income: Even when the invisible hand works smoothly and efficiently, the free play of market forces creates another problem, viz., the problem of income inequality.
Improving Efficiency of the Economic System: An important function of the government is to assist in the socially desirable allocation of scarce resources.
Controlling Externalities and Public Goods: The unregulated market may and often do produce too much air, water and land pollution as also greenhouse-gas emission, leaving too little resources for investment in public health or knowledge.
Supplying Correct Information: This is an age of information and knowledge and information is now treated as a separate factor of production, a new form of capital particularly after the recent information revolution all over the world.
Improving the Distribution of Income: Even when the invisible hand works smoothly and efficiently, the free play of market forces creates another problem, viz., the problem of income inequality.
queen bee 💛
whats the answer i rlly need help :(
Queen Bee 💛
Queen Bee 💛