Question

List at least five ways in which the government is involved in the economic lives of the government or of its citizens.

Answer 1

The government

(1) provides the legal and social framework within which the economy operates

(2) maintains competition in the marketplace

(3) provides public goods and services

(4) redistributes income

(5) cor- rects for externalities

(6) takes certain actions to stabilize the economy.

hopes this helps !!