What is the role of government in an economy. Is the government necessary in a nation?

Q: In your own words and idea, which is more effective in ruling or governing a country, dictatorship…

A: In my view, democracy is a better option. We will discuss a few points and will see how democracy to…

Q: flaws of capitalism and socialism?

A: Socialism - The government uses to manage money and economic resources in a socialist economy. The…

Q: market. North Korea, Cuba- United States- Germany, Franc

A: Different economic systems prevail in different countries. Two main types of economic systems…

Q: Why should the government try to help the economy and support it? Give at least two reasons.

A: A government plays a significant role in influencing the market outcome and to make changes in the…

Q: Analyse and explain the constitution and composition of municipality in a brief manner? Also discuss…

A: In India, a municipal corporation is a local government that manages cities with populations of more…

Q: 5. According to the documentary on Athenian Democracy, the dark side of democracy was that the…

A: Democracy refers to the way of operating society by the government in which people elect their…

Q: What can government do to stimulate the economy?

A: To stimulate the economy, the government will implement expansionary fiscal policy.

Q: What are the types of market failures in an economy? and gave two examples of each.

A: Market failure occurs when the price system in the economy fails to factor in all the economic…

Q: Which of the following is the type of government where most power belongs to states or provinces and…

A: The legal and social framework, the maintenance of competition, the provision of public goods and…

Q: List five major economic activities of government and give an example of each

A: Government has many activities of government. Five major functions are:   1- Shielding of national…

Q: Why government doesn't intervene in a free market

A: There can be different types of markets in an economy or in different economies according to which…

Q: Imagine that the leaders of a poor nation with a centrally planned economy become willing to try a…

A:

Q: Describe the public policy cycle? Support your answer with examples.

A: The course of public approach has various stages which communicate in a powerful manner:…

Q: From Adam Smith's Wealth of Nation , What are the three key roles that government should fill in…

A: The father of economics, Adam Smith published his famous book "An Enquiry into the Nature and Causes…

Q: How can government prevent market failure?

A: Market failure is the scenario of inefficiency in the distribution and allocation of goods and…

Q: Explain the difference between capitalism and socialism.

A: The different laws and ordinances that comprise the economy are referred to as its economic system.…

Q: What is the role of government in an economy. Explain in detail.

A: The institution that a society uses to create and implement its public policies is referred to as…

Q: Explain what is the benefit of a free government.

A: Government refers to the framework or body of individuals, educate, and forms that are capable for…

Q: what did adam  proposed that government should do to help the economy

A: Government is a very important economic unit. It controls an economy and provides various resources…

Q: Compare and contrast political economy and political system.

A: Despite the fact that the terms political economy and political system are sometimes used…

Q: Which is a more serious problem between market failure and government failure?

A: Government intervention to resolve market failures, and to manage the macroeconomy, can fail to…

Q: Assuming you the leader in your local government, how can you empower your constitute to be actively…

A: Employment in the local area can be increased by new projects or investments. When a project starts…

Q: Discuss the four key economic functions performed by the government .

A: In a democratic nation government acts as the central authority to govern the nation by maintaining…

Q: What are the cultures of capitalism?

A: The collection of behavioral traits, cultural standards, ideals, and patterns of behaviour that are…

Q: How does republicanism differ from democracy?

A: Forms of government refer to the various types of relationships between people and their regulating…

Q: Why couldn't an economy function without government intervention?

A: An economy needs government intervention for some specfiic purposes because there are various types…

Q: four

A: The characteristics of economic systems are : Command Economy : the government is in turn control…

Q: What do you hope to learn from participating in this course on individual action and democratic…

A: Through this course, I hope to learn how active participation in civic activities can influence both…

Q: What does marxist economy means? What sectors of economies are being controlled? Why are they being…

A: Economics: Economics refers to the making of choice at the time of scarcity. So, it can be said that…

Q: What are core ideas behind less government/free market governance?

A: The free market is a supply-and-demand business mechanism with little to no government interference.…

Q: he United States is a democracy. This means that the United States is ruled by: A.a single entity…

A: There are different regimes in economies all over the world. In terms of economies, nations may have…

Q: Why is it necessary to have a freely elected government for democratic capitalism to create a…

A: The democratic capitalism system is based on the 3 components: 1) Free enterprise which provides the…

Q: According to David Hyman (2011), what happens if you don't have good government?

A: David Hyman stressed in 2011 that a society can encounter a number of difficulties in the absence of…

Q: According to Adam Smith who should manage the economy for the nation? Why?

A: An economy refers to the management of the country's money, trade activities, industrial…

Q: When does a village become a city?

A: Meaning of Macroeconomics: The term macroeconomics refers to the situation of economic and…

Q: Describe how government economic policies play a role in the economy? with details and sources?

A: Government policy plays important role in developing economic growth because every activity and…