Please enable JavaScript.
Coggle requires JavaScript to display documents.
Role of the Government - Coggle Diagram
Role of the Government
As an employer,
Government is an employer, they employ workers such as police, civil servants, soldiers and teachers.
-
As a producer,
Governments may provide goods that private sector firms fail to provide provide such as healthcare and education.
-
As a provider,
Governments may pay for or provide research facilities to support private firms or support incomes of farmers to protect domestic food supplies
As a consumer,
Public Expenditure (Government spending) makes up of a large share of total spending in many country's economies.
Current Expenditure - Recurrent government spending on goods or services that are consumed within the year such as wages for public sector workers, state pensions and more
Capital Expenditure - Long lived productive assets such as roads, dams and schools. Has a lasting impact on an economy.
As a law maker and regulator,
Markets that would otherwise produce outcomes considered socially or economically undesirable will often be regulated by governments.
Prohibit dumping of waste, smoking in public and misleading advertising.
-
As a local, regional and national government
-