Teaching UGC NET Mock Test Series 2025 (Paper 1 & 2) Political Science Comparative Political Analysis
In the context of liberalism and the market economy, which of the following best describes the liberal perspective on the role of government in economic affairs?
1
The government should have total control over the economy, setting all prices and wages.
2
The government should have no role in the economy, and all economic decisions should be left to private individuals.
3
The government should regulate businesses to prevent monopolies and unfair business practices.
4
The government should own and operate all businesses in the country.