The Multifaceted Role Of Government In A Mixed Economy: Ensuring Competition, Stimulating Growth, And Providing Essential Services
In a mixed economy, the government plays a multifaceted role. It regulates markets to ensure competition and prevent monopolies. Through fiscal policy, it influences economic activity via taxation and spending. Monetary policy is used to control inflation and promote growth. The government provides public goods, such as roads and education, and offers social welfare programs…