According to prof.Musgrave the main function of the government is
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In the Musgrave tradition, the three main functions of the government are: i) A proper allocation of resources, ii) Attainment of a fair distribution of income; and iii) Maintenance of the stable economy.
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Answer:
Prof. Musgrave stated that the functions of government are separated into three main categories which are mainly resource allocation, income redistribution as well as Macroeconomic stabilization.
Explanation:
Prof. Richard Musgrave in his classical The theory of public finance, which was published in 1959, stated the three main functions of the government that are mentioned above. The allocation and the distribution functions generally are a part of the microeconomic functions whereas stabilization is a type of macroeconomic function.
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