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What role should Government play in the Economy?

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What role should Government play in the Economy?
posted Oct 9, 2017 by Deepak Jangid

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In the narrowest sense, the government's role in the economy is to help correct market failures, or situations where private markets cannot maximize the value that they could create for society. This includes providing public goods, internalizing externalizes, and enforcing competition. That said, many societies have accepted a broader role of government in a capitalist economy.

answer Oct 10, 2017 by Ananya Saha
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