What role does the government play in markets? Class 7
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Expert Answer
What role does the government play in markets? Class 7
What role does the government play in markets? Class 7
Answer:
The government helps make sure that markets work fairly. It creates rules and laws to protect consumers from being cheated and ensures that products are safe and of good quality. The government can also help sellers to provide loan, space. For example, the government checks that food is safe to eat and that prices are fair. However, too many rules can make it hard for businesses to operate, so the government tries to find a balance.