How does the government of a republic typically shape its economy? The government allows citizens to own private businesses. The government blocks the ownership of personal property. The government owns all homes and other forms of housing. The government controls factories and other forms of production.
Answers
The first option is correct – The government allows citizens to own private business.
It allows private ownership of business and industries. However critical sectors like defence, finance etc. are retained by the government of such economies.
A republic is a state in which people and their elected representatives, hold power. Republics have an elected President at the top. The United States of America and India are examples of republics.
The government of a republic country shapes up its economy by allowing its citizens to own private businesses.
So the first option is the correct one here.
The increases in the private industries lead to the enhancement of wealth among the common people of the country.
These people pay more taxes to the government, thus making the country richer as well.