Main economic functions of government
Enumerate and briefly discuss the main economic functions of government. Which of these functions do you think is the most controversial? Why?
Expert
One role is to provide the legal and social framework. This goes beyond the elementary policing of keeping people from assaulting and stealing from each other. Government attempts to regulate business in terms of setting standards and rules. Some examples include establishing rules regarding contract negotiations and enforcement; setting standards on safety of food, drugs and other products; educating the public about respect for private property; devising zoning laws, etc.
plz find the attachment and dont compromise on quality,, no similarity n need to be done according to requierment...
Both individual sellers and buyers within perfect competition: w) can affect the market price through their own individual actions. x) can affect the market price by joining along with some of their competitors. y) have to take the market price as a specified. z
What are the major provisions of GATT
Illustrate the 3rd the government redistributes income?
Give a brief introduction of the term Cost of retained earnings?
Explain the statements: Entrepreneurs and business are at the helm of the economy.
The idea which a virtue of capitalism is decentralized its decision making emerged while: (1) social philosophers looked for alternatives to feudal kings like economic regulators. (2) Russian imperialism fostered anti-communist sentiment after World W
Industries that are described as "contestable": (w) will experience long-run economic profits equal to zero. (x) are difficult for firms to enter, but not to exit. (y) are difficult for firms to exit, but not to enter. (z) will charge prices greater t
Briefly describe the meaning of Modigliani- Miller (M and M) approach?
Why are democratic regimes more conducive to economic growth than dictatorship
18,76,764
1945271 Asked
3,689
Active Tutors
1417493
Questions Answered
Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!