Question
1. The appropriate role of government in the economy consists of six major functions of interventions in the markets economy. Governments provide the legal and
1. The appropriate role of government in the economy consists of six major functions of interventions in the markets economy. Governments provide the legal and social framework, maintain competition, provide public goods and services, national defense, income and social welfare, correct for externalities, and stabilize the economy. Of these; which function(s) do you think is highly visible for our local and national government in addressing the challenges of covid19 pandemic since it started to spread last year in our country. Please explain
country: PHILIPPINES
2.How does government play a role in our everyday life? Please exaplain your answer.
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