Yang Hu
Abstract
Market economy calls for limited government. Limited government is relative to the all round government. Its functions, power, scope and behavior are strictly defined by the institution and the laws, with corresponding systems to correct its deviation. Meanwhile, it also receives the supervisions and restrictions from the society.
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Market economy calls for limited government. Limited government is relative to the all round government. Its functions, power, scope and behavior are strictly defined by the institution and the laws, with corresponding systems to correct its deviation. Meanwhile, it also receives the supervisions and restrictions from the society.
Key concepts: Scope (computer science), Government (linguistics), Institution, Government failure, Power (physics), Business, Public economics, Economics