Question

The Economic role of government can be considered to: provision of social goods and services, or provision of social goods and services & promotion promotion and regulation of the private sector.

Answer 1

The correct choice is : -  Provision of social goods and services & promotion and regulation of the private sector.

Explanation : - The government has to provide certain goods andservices because they are public or merit goods, or because state provision is more efficient or more equitable than private companies.Governments should also provide regulatory function for creating an enabling environment for private sector firms and to promote competition.