In a market economy, most economic decisions are made by individual buyers and sellers, not by the government. Economists, however, identify six major functions of governments in market economies. Governments provide the legal and social framework, maintain competition, provide public goods and services, redistribute income, correct for externalities, and stabilize the economy.

Online meeting

20.10.2020 at 16:00: MS teams: BPV_APEC Public Economics 

PowerPoint Presentation

Group activity

Study material