Answer:
In summary, the economic functions of a government include:
Protection of private property and maintaining law and order / national defence.
Raising taxes.
Providing public services not provided in a free market (e.g. health care, education, street lighting)
Limit market failure through the regulation of markets, e.g. regulations on environment/labour markets/monopoly.
Macroeconomic management, e.g. use of fiscal and monetary policy to control business cycle – recession and inflation.
Reducing inequality/poverty.
Explanation:
