basic functions of a government Flashcards

1
Q

internal and external

A

external: the defense force [navy and army]
internal: the police force
judicial system [courts]

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2
Q

social welfare [social services]

A

private sector: private schools,hospitals,doctors
social benefits: unemployment and pension

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3
Q

commercial activities

A

mixed market: a combination of a free market system and a system where government to some extent in the economy.
free market: anybody can start a business with the aim of making a profit, provided they do not sell anything illegal.

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4
Q

government has the responsibility to promote the free-market system, to ensure that…

A

1) citizens are not exploited by companies forming a monopoly.
2) employees are treated in a fair manner.

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5
Q

administration of public services

A

the public services that government renders to the citizens of the country is called infrastructure.

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6
Q

natural resources

A

if used irresponsibly, the economy will be harmed over the long term.

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7
Q

money control

A

too much money in circulation will cause inflation and devalue the currency

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