Professional Documents
Culture Documents
Contd.
4) The parliamentary system: ministers and the prime minister are answerable to the parliament. 5) Separation of powers:
Intermediate Functions
Govt. can work in collaboration with civil Society & markets
Contd.
i. ii. iii. iv. v. vi. The Basic Functions:Providing pure public goods Defence Law & order Property rights Public health Protecting the poor
Intermediate Functions
i. Addressing externalities:- basic education, environmental protection ii. Regulating monopolies:- consumer protection, financial regulations. iii. Providing Social Insurance:pensions, family allowances, unemployment insurance.
Activist Functions
i. Coordinating private activity ii. Fostering markets iii. Asset redistribution
Promotional roles
Entrepreneurial roles
Planning roles
1.Regulatory Roles
i. Grant of license, restriction on location of industry ii. Regulating the conduct of business ventures iii. Controlling the accrual & disposal of business income iv. Regulating the relationship with its stakeholders
2.Promotional Roles
i. ii. iii. iv. Development of infrastructure Assistance by way of subsidies Allocation of scarce resources Fiscal, monetary and other incentives
3.Entrepreneurial Roles
Govt.s participation in business through public ownership and management of industrial and commercial undertakings. Balanced regional development Promotion of capital intensive industries
4.Planning Roles
Socio-economic development Social justice Balanced regional development Rapid industrialization Employment generation Development of agriculture & small scale industries
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