How does government regulates rhe functioning of an economy ????????
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Explanation:
- The U.S. government uses two types of policies—monetary policy and fiscal policy—to influence economic performance. Both have the same purpose: to help the economy achieve growth, full employment, and price stability. Monetary policy is used to control the money supply and interest rates.
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Government can regulate private economic activity—for example, through minimum-wage laws. It can also provide goods and services that private businesses produce in insufficient quantities—for example, health care for the poor.
Maintain the Legal and Social Framework
Maintain Competition
Provide Public Goods and Services
Correct for Externalities
Stabilize the Economy
Redistribute Income
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