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

Q: Which of the political tools for controlling economic systems is the best?

A: Answer- Need to find- Which of the political tools for controlling economic systems is the best…

Q: To what extent should government influence the economy of a democracy such as the United States?

A: In every economy, the government takes decisions to achieve the desired growth rate. The government…

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

A:

Q: What is the rule of law?

A: It is a concept in which the law is something to be obeyed by everyone either the people or the…

Q: will happen to the country or world if there is no economic system?

A: Everyone would be totally self-sufficient, sitting around their very own fires, Preparing no matter…

Q: example of a significant aspect of an economy?

A: Economy- It is a group of activities related to production and consumption which helps in the…

Q: What are the demerits of a socialistic economy only 2 demerits.

A: According to the given question In simple words we can say that a socialistic economy is a type of…

Q: In a market system, provide an example for when government can enhance or harm any of the processes…

A: In a nutshell, an economy must distribute its resources and pick between several possible bundles of…

Q: Explain whether the given statement is correct or incorrect. Government plays a important role in…

A: A government is a structure or a collection of people with the power to rule over, direct, and…