Question

What are the major roles the government of the United States plays in the economic system?

Answer 1

The government provides the legal and social framework within which the economy operates, maintains competition in the marketplace, provides public goods and services, redistributes income, corrects externalities, and takes certain actions to stabilize the economy.

Step-by-step explanation:

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Answer 2

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, and (6) takes certain actions to stabilize the economy.