Question

What is the role of government in controlling price ,production ,distribution and consumption​

Answer 1

Answer:

there is no role of government to controlling the price and production and distribution it's all about demands and production

Answer 2

Answer:

HEY MATE HOPE THIS HELPS↓

Government price controls are situations where the government sets prices for particular goods and services. This can take various forms such as: Minimum prices – Prices can't be set lower (but can be set above) Maximum price – Limit to how much prices can be raised (e.g. market rent) Government Controls Production in Command Economy The government decides the means of production and owns the industries that produce goods and services for the public. ... It will decrease the production and supply of goods and services that it feels the general public does not need.A command economy is when government central planners own or control the means of production, and determine the distribution of output. Command economies suffer from problems with poor incentives for planners, managers, and workers in state-owned enterprises.

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