Traditional Culture Encyclopedia - Traditional virtues - The role of government in a market economy
The role of government in a market economy
Legal analysis: under the conditions of a market economy, the most important feature is that all economic activities are market-oriented and respect the laws of the market. For this reason, as the superstructure of the government's role and function must also change accordingly. Under the conditions of the market economy, the government is the provider of market order (planning, guidance, making rules, correcting failures), the arbiter of market order (regulation), it is the center of gravity of government functions.
Legal basis: the Constitution of the People's Republic of China*** and the State of China Article 11 The non-publicly owned economy, such as the individual economy and the private economy, within the limits prescribed by law, is an important part of the socialist market economy.
The State protects the lawful rights and interests of the individual economy, the private economy and other non-publicly owned economies. The State encourages, supports and guides the development of the non-public economy, and supervises and manages the non-public economy in accordance with the law.
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