Functions of Government in a Modern Mixed Economy
The following points highlight the seven major functions of government in a modern mixed economy. The Functions are: 1. Improving Efficiency of the Economic System 2. Controlling Externalities and Public Goods 3. Supplying Correct Information 4. Improving the Distribution of Income 5. Grants and Subsidies 6. Macroeconomic Stabilisation 7. Representing the Country at the International Level. Function # 1. Improving [...]