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Role Of The Government Essay

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Economic Role of the Government

Definitions and Basics

Public Goods and Externalities, from the Concise Encyclopedia of EconomicsMost economic arguments for government intervention are based on the idea that the marketplace cannot provide public goods or handleexternalities. Public health and welfare programs, education, roads, research and development, national and domestic security, and a clean environment all have been labeled public goods. 

Government Spending, from t...

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