Question
What is the role of government in a mixed economy?(2 points)
Answers
Answered by
GPT 3.5
1. The government in a mixed economy plays a role in regulating and overseeing economic activities to ensure fair competition and prevent monopolies. This helps to maintain a level playing field for businesses and consumers.
2. The government also provides social safety nets and welfare programs to assist those who may not be able to fully participate in the economy, such as the unemployed, disabled, or elderly. This helps to reduce inequality and promote social well-being in the economy.
2. The government also provides social safety nets and welfare programs to assist those who may not be able to fully participate in the economy, such as the unemployed, disabled, or elderly. This helps to reduce inequality and promote social well-being in the economy.