1. The government provides people things because people give the government money because of taxes.
2. They provide for a stable set of institutions and rules, promote effective and workable competition, correct for externalities, ensure economic stability and growth, and adjust for undesired market results.
According to a website, it describes how Earth's outer shell is divided into several plates that "glide over the mantle (which is the rocky inner layer)"
So, basically, it's talking about how the Earth's crust is structured.
Definition: a theory that is describing (or explaining) the structure of Earth's crust
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It made economic sense to the government to fund the shoemaking course because it did not want the fraternity of shoemakers to get diverted to other professions and create an imbalance in the economy merely due to the influence of mechanization in the shoemaking industry.
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- An imbalance created in any given economy due to the introduction of new and improved technologies can downgrade the economy drastically.
- When the employees lose their jobs, they also lose their capacity to spend on commodities along with that. When a large faction stops spending, it results in an economic slowdown.
- Hence, it is necessary for the government to take necessary measures to avoid any such happenings.
Because, a free market, by the very nature of the thing, is always fair. A free market simply means that individuals and companies are free to trade (or not trade) with one another. ... The parties concerned trade money in exchange for products or services because they believe they are better off by doing so.
