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What role does the government play in an economic society?
Governments provide the legal and social framework, maintain competition, provide public goods and services, redistribute income, correct for externalities, and stabilize the economy. Over time, as our society and economy have changed, government activities within each of these functions have expanded.
What are government roles?
Governments are responsible for providing services that individuals cannot effectively provide for themselves, such as military defense, fire and police departments, roads, education, social services, and environmental protection. If these revenues are not sufficient to fund desired programs, governments borrow money.
How is government involved in personal welfare?
Welfare refers to government-sponsored assistance programs for individuals and families in need, including programs as health care assistance, food stamps, and unemployment compensation. Welfare programs are typically funded through taxation.
What are various role of government in the development of society?
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.
What is the most important role in the government?
The most basic duty of a government is to protect its people. The government protects citizens from each other by organizing police to enforce the law. It also protects by defending the country from outside forces.
What is the principal role of government?
First and foremost, the role of a government is to protect individual rights. According to Cicero , the preeminent lawyer of ancient Rome, and the great thinkers of the Enlightenment Era such as John Locke and Thomas Hobbs , the primary role of government is to protect individual life, liberty, and property.
What role do citizens play in government?
The key role of citizens in a democracy is to participate in public life. Citizens have an obligation to become informed about public issues, to watch carefully how their political leaders and representatives use their powers, and to express their own opinions and interests.
How does the government play a role in the national economy?
Branches of government, including Congress and such entities as the Federal Reserve System, attempt to control the extremes of boom and bust, and of inflation and depression, by adjusting tax rates, the money supply and the use of credit. They can also affect the economy by changing the amount of public spending by the government itself.