Question

$\LARGE{ \underline{ \blue{ \sf{Question \: of \: the \: Day:}}}}$
State the Economic Functions of The Government. (5 marks)

${\orange{\overbrace{ \red{ \overbrace{\red{\underbrace \color{blue} {\underbrace \color{black} {\fcolorbox{magenta}{lime}{\fcolorbox{red}{black}{\fcolorbox{pink}{pink}{ \fcolorbox{blue}{blue}{{\bf{{{{\pink{Note}}}}}}}}}}}}}}}}}}$
Include the following points and remember to explain each of them:-

● To ensure the economic security of the country
● To control the finances of the state
● To issue currencies
● To control trades
● To decide the economic policies of the state



$\huge\orange{\underline\blue{\underline\green{\underline{ \mathcal\orange{With}\:\mathcal\green{Regards}}}}}$
$\LARGE{ \underline{ \blue{ \sf{@ShomeKeyaRoy79}}}}$


$\huge \sf\underline\color{green}{Happy Diwali}\dag\ \textless \ br /\ \textgreater$



​

Answer 1

$\huge\star\:\:{\orange{\underline{\purple{\mathcal{Question}}}}}$

1. State the Economic Functions of The Government

$\huge\star\:\:{\orange{\underline{\pink{\mathcal{Answer}}}}}$

The government

(1) provides the legal and social framework within which the economy operates,

(2) maintains competition in the marketplace, (3) provides public goods and services, (4) redistributes income,

(5) cor- rects for externalities, and

(6) takes certain actions to stabilize the economy

${\purple{\boxed{\huge{\large{\bold{Happy\:Diwali}}}}}}$

Answer 2

Answer:

$\huge \orange{ \overbrace{ \red{\underbrace \color{pink} {\underbrace \color{lime}{\colorbox{black} { {\red \: {Answer}}}}}}}}$

The government

• (1) provides the legal and social framework within which the economy operates
• (2) maintains competition in the marketplace
• (3) provides public goods and services
• (4) redistributes income
• (5) cor- rects for externalities
• (6) takes certain actions to stabilize the economy.

${\orange{\overbrace{ \red{ \overbrace{\red{\underbrace \color{blue} {\underbrace \color{black} {\fcolorbox{magenta}{lime}{\fcolorbox{red}{black}{\fcolorbox{pink}{pink}{ \fcolorbox{blue}{blue}{{\bf{{{{\pink{Your\: required\: answer}}}}}}}}}}}}}}}}}}$