Martin was studying the role of government in the market economy. He knows that supply and demand define
how the market works, but the government also participates in the economy in many ways. What is one
responsibility of government in a market economy?
(1 point)
Protect private property and preserve our security
Provide everyone a food stipend
Distribute medicine needs to those who are sick
Encourage economic recessions
Protect private property and preserve our security
One responsibility of the government in a market economy is to protect private property and preserve our security.
One responsibility of the government in a market economy is to protect private property and preserve our security. To determine the correct answer, we need to understand the role of the government in a market economy.
In a market economy, supply and demand play a crucial role in determining the prices and quantities of goods and services. The government's role is to create a stable environment for markets to operate effectively. This includes protecting property rights, which enable individuals to own and control resources and assets without the fear of them being taken away illegally. By protecting private property, the government ensures that individuals have the incentive to invest, innovate, and engage in economic activities.
Preserving our security is also a responsibility of the government. This involves maintaining law and order, providing a justice system to resolve disputes, and ensuring the safety of individuals and businesses. By upholding security, the government creates a conducive environment for economic activities to thrive and for markets to function efficiently.
Therefore, the correct answer is: Protect private property and preserve our security.