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Published in:
2014 | OriginalPaper | Chapter
9. Government
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Abstract
Government is a referee who also plays the game. It is government courts, agencies and legislatures that set the rules by which the economy operates, but governments are also major economic players in their own right. They own and operate businesses and generate and spend vast amounts of income; in fact, in every economy the government (pulling together all its levels and branches) is by far the largest single economic entity.