The role of government in a market economy includes all of the following except

Question

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Extensive ownership of productive resources is not a role of government in a market economy. In fact, government ownership and control of productive resources is more characteristic of a command economy. In a market economy, the government's role is to create and enforce laws that regulate the market and protect consumers, to provide essential services like national defense and infrastructure, and to collect taxes to fund these activities.

The Role of Government in a Market Economy Includes All