Unit-4 The Role of Government |Macroeconomic Aims |Cambridge IGCSE| Economics (0455) Video-33 Part-1

The government's role in the economy includes maximizing merit goods, expanding public goods, and providing welfare services. It protects public rights, develops infrastructure, and creates employment opportunities. Additionally, the government manages macroeconomic aims like growth, employment, and income redistribution, ultimately improving living standards and tax revenues while addressing economic conditions.