Governments maintain competition, offer public products and services, allocate income, account for externalities, and fix the economy in addition to providing the legal and social framework.
The benefits of a command economy include low levels of income inequality and unemployment as well as the shared goal of displacing profit with equality as the main driving force behind production. Lack of competition, which can result in a lack of innovation, and inefficiency are disadvantages of command economies.
Almost everywhere, the government has a significant impact on the provision of services including environmental and fire prevention, transportation, education, and national defense. They are commonly referred to as "public utilities."
To learn more about government visit:
https://brainly.com/question/13023949
#SPJ4
