Governments establish the laws that regulate the interaction between businesses and households but do not serve as actors in the economy themselves.

Name: Governments establish the laws that regulate the interaction between businesses and households but do not serve as actors in the economy themselves.
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Question

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Governments not only establish laws but also act as economic agents by providing public goods and services, collecting taxes, and influencing economic activity through fiscal and monetary policies.

Governments Establish the Laws That Regulate the Interaction Between Businesses