6 Questions
What is the primary function of the modem state according to the text?
To protect the country from external invasion and maintain peace and security within the country.
Why is state expenditure on security and justice considered productive?
Because it helps indirectly in carrying out activities that are labeled as productive.
In what circumstances does the modem state intervene in economic spheres?
When it finds that its laws are being violated, or when private capital is not forthcoming in certain industries.
What is the role of the modem state in industries where private capital is not forthcoming?
It assists private enterprise in establishing and running the industries, or sometimes sets up industries itself.
What is the justification for state interference in economic affairs according to modern economists?
In certain cases where state intervention is necessary to regulate economic activities.
What is the relationship between the modem state and individual rights in private property?
The modem state recognizes individual rights in private property, but also allows for freedom of enterprise and contract.
Identify the primary functions of the state in providing defense and security to its citizens. Learn how the state maintains peace and security within the country and protects it from external threats.
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