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jolli1 [7]
3 years ago
8

What roll does government play in capitalism

History
2 answers:
Ghella [55]3 years ago
7 0

In capitalism, the government acts as an ‘invisible hand’ like Adam Smith, a capitalist advocated says. Basically, the government stays out of ALL economic affairs in capitalism, instead they provide institutions such as schools and roads for their people. A capitalist economy is run by the people, not by the government.

sertanlavr [38]3 years ago
5 0

The proper role of government in a capitalist economic system has been hotly debated for centuries. Unlike socialism, communism or fascism, capitalism does not assume a role for a coercive, centralized public authority.

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