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THE ROLE OF GOVERNMENT - Coggle Diagram
THE ROLE OF GOVERNMENT
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2) PROVIDER:
when it pays for G&S that are in
the public and economic interest,
such as:
- street lighting,
- national parks,
- education and health care,
- affordable housing .
- redistribute income.
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6) A LOCAL, REGIONAL AND NATIONAL FUNCTION:
- help vulnerable people, for example by providing welfare payments to people and families in need
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- A government is an employer, producer, consumer, regulator in the economy. It produces and supplies certain G&S that private sector firms undersupply. (Ex. education, healthcare, airports, public transport.)