Question
1. Similar to markets, governments can also fail. What are the two major reasons for government failure? 2 The role of government in the economy
1. Similar to markets, governments can also fail. What are the two major reasons for government failure?
2 The role of government in the economy can be summarised by distinguishing between three broad functions of government. List and explain the three broad functions of government.
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Essentials of Economics
Authors: Bradley Schiller, Karen Gebhardt
10th edition
125923570X, 978-1259235702
