Question

Describe in at least a paragraph how a government creates and maintains a market economy by any one or two of the following:

*Establishing law and order
*defining rules of property
*governing rules of exchange
*setting market standards
*providing public goods
*ameliorating externalities, or
*promoting competition

Answer 1

Answer: Governments provide public goods where the markets cannot or would not step in. An example of a public good provided by the government is the Rural Electrification Projects of the New Deal. I wouldn't be profitable if the companies began to provide electricity to rural areas, but the government stepped in and provided it for the outer sections of the country. Additionally, the government creates a labor force by requiring children to go to school until a certain age, ensuring that when they become adults, they will have a certain level of knowledge that will allow them to work.

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Answer 2

Citizens participate in democratic governments by voting, running for public office and forming or joining political parties. This is a general statement and does not cover all aspects of participation avenues for citizens.

An ordered government is one with orderly regulations between all parts of government and state. A limited government is one that has regulations placed on it for what it can and can not do, such as, and generally including, ensuring the rights of it's citizens. A representative government is one in which officials are elected by the general populace to create public policies.

The government is in charge of administration and regulation of the government.

Step-by-step explanation: