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What is the role of the state in a free market economy?

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In a totally free market economy, the role of the state is to provide for the common defense, because the state has to present a united front to the rest of the world. Everything else is provided by private suppliers to individual consumers. read more

Although state regulation in the modern market economy is carried out in a much smaller scale than it used to be in the command-administrative system, the economic role of government is still high enough, especially compared with the system of free competition. read more

Role of state in market economy: The role of state in market economy will not be regulatory and interventional. In a market economy, economic activities take place without intervention by the government except to regulate fraudulence and ensure some semblance of market discipline, if necessary (Kazi Shafi kul Alam). read more

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