ICSE Class 9 Answered
What is the dual role played by the government sector?
Asked by Topperlearning User | 05 Jun, 2015, 09:02: AM
Expert Answer
The government sector acts as a consumer as well as a producer in an economy.
As consumer: The government purchases goods and services from the production sector and these goods and services are consumed by the society.
As producer: The government receives the services of various factors of production and produces goods and services for the consumption of the entire society.
Answered by | 05 Jun, 2015, 11:02: AM
ICSE 9 - Economics Applications
Asked by eee | 01 Sep, 2023, 09:01: PM
ANSWERED BY EXPERT
