What is role of the government policoes and directions in economic development?
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The Role of Government in Economic Development. ... It works as an agent of economic development. Governments provide the legal and social framework, maintain the competition, provide public goods and services, national defence, income and social welfare, correct for externalities, and stabilize the economy.
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Explanation:
The Role of Government in Economic Development. ... It works as an agent of economic development. Governments provide the legal and social framework, maintain the competition, provide public goods and services, national defence, income and social welfare, correct for externalities, and stabilize the economy.
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