World Economic Systems Questions
In a mixed market economy, the role of government is to regulate and intervene in the economy to ensure fair competition, protect consumer rights, and provide public goods and services. The government sets and enforces rules and regulations to prevent monopolies, promote competition, and maintain a level playing field for businesses. It also establishes and enforces laws to protect consumers from fraud, unsafe products, and unfair business practices. Additionally, the government provides public goods and services such as infrastructure, education, healthcare, and social welfare programs. It may also implement fiscal and monetary policies to stabilize the economy, control inflation, and promote economic growth. Overall, the government plays a crucial role in balancing the interests of businesses, consumers, and society as a whole in a mixed market economy.