In a market economy, Arthur understands that one of the responsibilities of government is to maintain the physical assets of his business, including his storefront and merchandise. This is MOST likely an example of which function of government?

(1 point)
Responses

Provision of public services

Provision of public services

Protection of property

Protection of property

Regulation of markets

Regulation of markets

Management of economy

1 answer

This is MOST likely an example of Protection of property. In a market economy, the government's role in maintaining the physical assets of businesses relates to safeguarding and ensuring the rights of business owners to their property, which includes their storefront and merchandise.