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  • 19-01-2021
  • Social Studies
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What role dose the government take in capitalism

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  • 19-01-2021

Answer:

In a capitalist economy, the role of government is very limited. The main functions of government, as given by Adam Smith, are to maintain law and order in a country, make national defense stronger, and regulate money supply. According to Smith, the market system administers various economic functions.

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