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What are the different view points about the role of the government in an economy?
Wiki User
∙ 16y ago
Economists and political scientists frequently assess how strong or weak a government should be in terms of playing a role in any nation's economy. Views on this subject differ vastly and governments alter their participation in economic affairs and regulations based on the condition an economy may find itself. In western style democracies, there is a consensus that a government should not play a major role in an economy, unless there is a dire need to do so, such as in a major recession. On an ongoing basis most nations' central banking systems do regulate or influence interest rates and the overall money supply. Also, in any nation or economic situation, experts and government leaders quite often have different views on this topic.In certain nations such as the Peoples Republic of China, the leading members of the Communist Party make economic decisions.
Wiki User
∙ 7y ago
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What is the government's role in a traditional economy?
The government has no role in a traditional economy other than keeping peace to the degree where different individuals can conduct trade in peace.
What role do you think the government should play in the economy?
No role the government should play.
What is the government's role in the economy?
This answer is that the governments role is very little
What is the role of government in a mixed economy like nigeria?
mixed economy
How did John Maynard Keynes view government's role in the economy?
He advocated a strong role of govt. in managing the economy...
How did John Maynard Keynes view government's role in economy?
He advocated a strong role of govt. in managing the economy...
What is the role of the government in mixing economy?
ryk
What the government role in the traditional economy?
This answer is that the governments role is very little
What is the government's role in the Traditional economy?
This answer is that the governments role is very little
What steps did Wilson take to increase the government's role in the economy?
His domestic program expanded the role of the federal government in managing the economy and protecting the interests of citizens.
What is the role of the government in Traditional economy?
The government doesnâ??t have much of a role in a traditional economy. This type of economy tends to center around thriving agricultural villages where tradition takes precedent.
What is the government's role in the economy in a traditional?
The government doesnâ??t have much of a role in a traditional economy. This type of economy tends to center around thriving agricultural villages where tradition takes precedent.
