Wiki User
∙ 2015-10-27 14:15:54government-owned corporations
Wiki User
∙ 2015-10-27 14:15:54government-owned corporations
They are to maintain social order; to provide public services; to provide national security and a common defense; and to provide and regulate the economic system.
police,ambulance,firefighters
Economies have several types of businesses, such as agricultural, manufacturing and service. Agricultural and manufacturing businesses are self-explanatory. Service business are ones that provided services like telephone, sales, medical and the like to the economy. A country's economy is called a service economy if its businesses are predominantly service oriented as opposed to agricultural or manufacturing oriented. The US has more businesses that provide services to the public than farming or manufacturing businesses, therefore it is a service economy.
One of the purposes that may make the congress to impose a tax is to increase the revenue of the government. When the revenue is increased, the federal government is able to provide the basic services to its citizens.
government-owned corporations
The government gets its income to provide public services to its citizens from taxes.
Government Corporations
Government corporation
Discussion of areas of market failure. This will be expressed in general terms - syllabus mentions the government as a producer of goods and services but does not deal with public and merit goods.
local, state, and federal governments
Education, Healthcare, Economic Security, Social Security
They use taxes to provide public goods and services.
to provide service and to look after the public.
to provide public goods and services to its citizens.
They are to maintain social order; to provide public services; to provide national security and a common defense; and to provide and regulate the economic system.
Economic decisions Social order Provide public services National security