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what did adam proposed that government should do to help the economy
Government is a very important economic unit. It controls an economy and provides various resources to the citizens. The sector of the economy controlled by the government is called the public sector and the sector which is controlled by private individuals is called private sector. The role of government in an economy depends upon the type of economic system. In a free market economy, price mechanism plays an important role and the role of government is restricted whereas in case of command economy all the economic decisions are taken by the government.
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- Economics Please solve the question quicklyMuch of modern economic thought believes people to be, generally speaking, rational and self-interested. What do these two concepts mean and why are they core to our modern understandings? Please write a paragraph and answer about it.Economists have various perspectives and theories about how an economy should operate. Which economist and theory do you agree with John Maynard Keynes or adam smith?