Before you start writing on the role of the government in the economy term paper you need to fully understand the meaning of the word and what it implies. The government plays a massive role in the creation, functioning and sustenance of the economy. The government is actually a body through which a political unit exercises its power and authority on matters that fall under its jurisdiction.
To write a role of the government in the economy term paper you must understand that there are numerous tasks that fall under the government’s responsibility. However, by sticking to the government’s role in the economy you can narrow down this colossal task and focus on one aspect.
In your role of the government in the economy essay term paper you should first break up the tasks of the government into a few main segments. Due to the fact that you have to adhere to the word limit, we should stick to two to three main points and expand them.
Listed below are the main points that you should use in your role of the government in the economy term paper. Remember to research each of these points for the latest and up to date information. Some policies may vary from state to state, but these are the primary roles.
This role of the government in the economy term paper starts with stating that one of the roles of the government is to act as a regulator. The government is responsible for regulating the actions and transactions between businesses, buyers and sellers and suppliers in the economy. These regulations take the form of general laws, policies, mercantile law and so on.
Another role of the government in the economy is to act as a provider. The government is in possession of assets worth trillions of dollars. These are public commodities that stimulate economic activity and sustain the economy. These assets include schools, colleges, hospitals, institutes, government offices and so on that gives job opportunities and add to the human capital.
In your role of the government in the economy term paper state that the most widely discussed role is that of a tax collector. With its tax collecting body, the government is able to collect tax revenue worth billions of dollars each year. With this money it can reinvest into the nation and offer more public facilities and improve on its foreign identity.
These tips should prove useful if you have to prepare a role of the government in the economy term paper.