[Solved] Which of the following pairs correctly matches an economic agent with its main function? — Ans: Government - Regulation and provision of public goods | Economic Awareness

Economic Awareness - Sectors of Indian Economy

Which of the following pairs correctly matches an economic agent with its main function?

AFirms - Consumption of goods

BHouseholds - Production of goods

CFinancial Institutions - Agricultural production

DGovernment - Regulation and provision of public goods

Step-by-Step Solution

Step 1: Understand roles of economic agents
Firms produce goods and services, households consume, government regulates and provides public goods, financial institutions provide financial services.
Step 2: Analyze each pair
Firms do not primarily consume, households do not produce goods, financial institutions do not engage in agriculture. Government's role matches regulation and public goods provision.
Final Answer:
Government - Regulation and provision of public goods → Option D
Quick Check:
Government function = Regulation and public goods ✅

Quick Trick: Match agents with their core functions.

Common Mistakes:

MISTAKES

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