Role of government in a mixed economy

Role of government in a mixed economy are:- 

1. Improving Efficiency of the Economic System:

An important function of the government is to assist in the socially desirable allocation of scarce resources. This, in its turn, would require the gov­ernment to perform certain subsidiary functions. As Samuelson has put it, “Courts and police forces would be needed to ensure fulfilment of contracts, non-fraudulent and non-violent behaviour, freedom from theft and external aggression, and legislated rights of property.”

2. Controlling Externalities and Public Goods:

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