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1.to provide non market product or indivisible services. 2.to provide the basic infrastructure 3.to improve functioning of markets a)by providing perfect information b) promoting compition 4. encouraging movement of resources among alternative uses 5.rectifying institutional arrangements and defective government policies 6.stailising aggregate demand 7.correcting inherent defects in the market mechanism a)incorrigible consumer ignorance b)inadequancy of relevant information c)speculation d)inequalities in the distribution of wealth and income e)restriction on imports f)to provide humanitarian
Wiki User
∙ 12y ago
Wiki User
∙ 10y agoObeying the rules,regulations,policies,law etc, made by the government for the sustenance and establishment of economy.
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