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Government

In: Microeconomics

Author

Listed:
  • Peter Dorman

    (The Evergreen State College)

Abstract

Government is a referee who also plays the game. It is government courts, agencies and legislatures that set the rules by which the economy operates, but governments are also major economic players in their own right. They own and operate businesses and generate and spend vast amounts of income; in fact, in every economy the government (pulling together all its levels and branches) is by far the largest single economic entity.

Suggested Citation

  • Peter Dorman, 2014. "Government," Springer Texts in Business and Economics, in: Microeconomics, edition 127, chapter 9, pages 173-191, Springer.
    • Handle: RePEc:spr:sptchp:978-3-642-37434-0_9
    DOI: 10.1007/978-3-642-37434-0_9
    as

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