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Government's role as a distributor of scarce public resources.

Government's role as a distributor of scarce public resources.

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Answer #1

The government cannot effectively distribute the scarce public resources. In centrally planned economies, the government has a prominent role in the distribution of scarce resources. However, such a distribution is neither effective nor distribution. The free market is the most efficient distributor of economic resources through the price mechanism. In the free market, the price of a resource is determined by the demand and supply of the resource. The price makes buyers and suppliers decide whether to buy or supply, respectively. So, the free market is a much more efficient distributor of scarce economic resources.

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