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What role should the government have in economies according to basic ideas of capitalism?
A. Very involved
B. Full control of the economy
C. Little, hands off
D. Regulate businesses
In a capitalist economy, the role of government is very limited. The main functions of government, as given by Adam Smith, are to maintain law and order in a country, make national defense stronger, and regulate money supply. According to Smith, the market system administers various economic functions
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