Tuesday, February 22, 2011

Rational & Extent of State Intervention

Minimal Functions:-

Providing pure public goods.
Defense.
Law and order.
Property rights.
Public health.
Protecting the poor.
Disaster relief.

Intermediate Functions:-

Addressing externalities.
Basic education.
Environmental protection.
Consumer protection.
Insurance (health, life, pensions)
Unemployment.
Overcoming imperfect information.

Activist Functions:-

Coordinating private activities.
Cluster initiatives.
Assets redistribution.

1 comment:

  1. vijan harit bor.... this is sanjeev kamboj, contact 09996103368

    ReplyDelete