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    Name: Government: CHAPTER: 4.1.1 TOPIC: The Role of

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    Rohan Jacob
    The role of government in a mixed economy is to correct market failures and produce socially and economically desirable outcomes. Governments provide public services, employ workers in public sector jobs like healthcare, law enforcement, and education. They also produce national parks and street lighting. Additional government services include national defense, education, and healthcare. Governments fund these roles through taxes and by paying wages, pensions, and other expenditures. They also establish regulations regarding issues like price controls, product quality, health and safety standards, and treatment of animals. Beyond managing the economy, governments are responsible for national security, representing their country's interests globally, and maintaining diplomatic relations.

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    Name: Government: CHAPTER: 4.1.1 TOPIC: The Role of

    Uploaded by

    Rohan Jacob
    11 views1 page
    The role of government in a mixed economy is to correct market failures and produce socially and economically desirable outcomes. Governments provide public services, employ workers in public sector jobs like healthcare, law enforcement, and education. They also produce national parks and street lighting. Additional government services include national defense, education, and healthcare. Governments fund these roles through taxes and by paying wages, pensions, and other expenditures. They also establish regulations regarding issues like price controls, product quality, health and safety standards, and treatment of animals. Beyond managing the economy, governments are responsible for national security, representing their country's interests globally, and maintaining diplomatic relations.

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    4.1.1

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    The role of government in a mixed economy is to correct market failures and produce socially and economically desirable outcomes. Governments provide public services, employ workers in public sector jobs like healthcare, law enforcement, and education. They also produce national parks and street lighting. Additional government services include national defense, education, and healthcare. Governments fund these roles through taxes and by paying wages, pensions, and other expenditures. They also establish regulations regarding issues like price controls, product quality, health and safety standards, and treatment of animals. Beyond managing the economy, governments are responsible for national security, representing their country's interests globally, and maintaining diplomatic relations.

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    11 views1 page

    Name: Government: CHAPTER: 4.1.1 TOPIC: The Role of

    Uploaded by

    Rohan Jacob
    The role of government in a mixed economy is to correct market failures and produce socially and economically desirable outcomes. Governments provide public services, employ workers in public sector jobs like healthcare, law enforcement, and education. They also produce national parks and street lighting. Additional government services include national defense, education, and healthcare. Governments fund these roles through taxes and by paying wages, pensions, and other expenditures. They also establish regulations regarding issues like price controls, product quality, health and safety standards, and treatment of animals. Beyond managing the economy, governments are responsible for national security, representing their country's interests globally, and maintaining diplomatic relations.

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    of 1

    NAME: ​ CHAPTER: 4.1.

    1 TOPIC: The Role of


    Government
    ​

    Questions & Terms ANSWERS


    _____________________________________________________________________________________________
    What is the role of To correct failures of free markets to produce SOCIALLY & economically desirable
    government in a outcomes.
    MIXED economy ? ______________________________________________________________________________________________
    ___
    Public Sector jobs include: public services (food stamps), health authority (doctors &
    What are examples nurses) & law enforcement (judges, police & military) & education (teachers)
    of government
    ______________________________________________________________________________________________
    JOBS? ___

    What are examples ______________________________________________________________________________________________


    ___
    of government A few examples of government products are National
    PRODUCTS ?
    Parks and Street Lighting.
    ______________________________________________________________________________________________
    ___
    What are examples
    of SERVICES ______________________________________________________________________________________________
    provided by _
    governments ? A few examples of government services are nation
    defence, education and health care.
    ______________________________________________________________________________________________
    What are examples ___
    of Government A few examples of government expenditure are wages for public sector
    EXPENDITURES ? ______________________________________________________________________________________________
    workers,
    ___ pension, running cost of offices and payments for consumable
    items.
    What are examples ______________________________________________________________________________________________
    of Government ___
    REGULATIONS ? Price control, product quality, health and safety standard in workplaces and
    treatment of animals.
    ______________________________________________________________________________________________
    How does the ___
    government pay Taxes are the main source of government finance.
    ______________________________________________________________________________________________
    for its role & ___
    FUNCTION?
    ______________________________________________________________________________________________
    ___
    What other roles
    The government is responsible for nation security, maintaining their countries’

    Does a government______________________________________________________________________________________________
    have besides ___

    managing the interest in global organisations and for maintaining diplomatic relations.
    _____________________________________________________________________________________________
    economy?
    ______________________________________________________________________________________________

    ______________________________________________________________________________________________
    ___

    ______________________________________________________________________________________________
    _

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