Different economic systems have distinct roles for government in making production decisions, ensuring equality of wealth, and protecting property rights.
In a free-market system, making production decisions is primarily done by private individuals and businesses based on supply and demand without government intervention. This system allows for competition and economic freedom.
In socialism, the government plays a significant role in providing equality of wealth by owning and controlling the factors of production to distribute resources more equally among the population.
In a planned economy, such as a command socialist system, protecting property rights is the responsibility of the government, as it centrally controls the allocation of resources and property ownership.
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