Question

What are the various roles of goverent? discuss any 5 points.


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Answer 1

Answer:

Government do very much things for us. It's roles are listed below :-

(1) provide for a stable set of institutions and rules.

(2) promote effective and workable competition.

(3) correct for externalities.

(4) ensure economic stability and growth.

(5) provide for public goods and services

(6) adjust for undesired market results.

Hope it helps everyone!!!

Answer 2

Answer:

Maintains law and order in the state. Provide public facilities like medical and educational facilities to poor people (in collaboration with the local government) State legislature handles the financial powers of the state, which include authorisation of all expenditure, taxation and borrowing by the state government.