The government provides many good and services to tax payers and firms. Name & Explain three...

The government provides many good and services to tax payers and firms. Name & Explain three economic reasons they do this. Support answer with evidence.

Expert Solution

The government provides various goods and services to taxpayers and firms:

1.) The government does this many times to encourage production.

For example when government provides subsidy to industry it encourages the industries to produce more so that they can produce as much as possible which will help government generate further revenue .

2.) Further they provide goods and services like education.

They provide us with quality education services or sometimes free education too so that the literacy rate of the country may increase which will again lead to economic development.

For example when government comes up with free schools or education schemes , it's motto is to increase its literacy rate.

3.) Thirdly, the government provides benefits which would protect their rights and help them to live freely, safely and securely in the country.

For example, the government provides with law and order, infrastructure , health care scheme which protects the rights and interests of the citizens and also help in the development of the nation.

Rahul Sunny answered 1 year ago

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