Name and briefly describe one of the three major functions of an economic policy ( function of state intervention in the economy )

1 ) Name and briefly describe one of the three major functions of an economic policy ( function of state intervention in the economy )2) Select one country case study and characterize briefly it’s economic system . Include what type of system it is, what type of fiscal policy it pursues, what type of central and monetary policy it had, basic type of taxation and unique elements to that country.3) How can you define socio- economic system?4) Characterize briefly the concept of Kondratieff waves ?5) What are the potential benefits of a ‘ shock therapy’ approach towards economic transition?6) Definition of welfare state .7) Which type of economic system is my least preferred one and why ?