Question

What are two functions of government in a free market economy?

Answer 1

Answer:

A government is an institution through which leaders exercise power to make and enforce laws.

Explanation: A government's basic functions are providing leadership, maintaining order, providing public services, providing national security, providing economic security, and providing economic assistance.

Answer 2

Economists, however, identify six major functions of governments in market economies. Governments provide the legal and social framework, maintain competition, provide public goods and services, redistribute income, correct for externalities, and stabilize the economy