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.
What is the role of the government in a mixed economy??? I rlly need helppppppp
2 answers
whats the answer i rlly need help :(
Queen Bee 💛
Queen Bee 💛