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Role of government in a functional society

Answer:

 

Summary:

  • To redistribute wealth to ensure social health
  • To regulate society and industry
  • Manage natural resources to achieve maximum public benefit
  • Government can increase economic efficiency by reducing imperfections

 

  • To redistribute wealth to ensure social health
  • To regulate society and industry
  • Manage natural resources to achieve maximum public benefit
  • Government needs to interfere to connect market imperfections
  • Welfare state makes capitalism bearable
  • Big government is better then corporation, but has much worse public relations
  • Government can increase economic efficiency by reducing imperfections
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