25.5k views
3 votes
List at least five ways in which the government is involved in the economic lives of the government or of its citizens.

1 Answer

3 votes

The government

(1) provides the legal and social framework within which the economy operates

(2) maintains competition in the marketplace

(3) provides public goods and services

(4) redistributes income

(5) cor- rects for externalities

(6) takes certain actions to stabilize the economy.

hopes this helps !!

User Jamaul
by
7.7k points

No related questions found

Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.