Respuesta :
Learning about economics can help you understand the role of government in regulating production.
What is the government's role in the production?
The government's role is:
(1) establishes the legal and social framework within which the economy operates,
(2) maintains market competition,
(3) provides public goods and services,
(4) redistributes income,
(5) compensates for externalities,
Learning about economics can help you understand the role of government in regulating production.
Therefore, the above statements explain the role of government in production.
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