CONTEMPORARY ECONOMICS© Thomson South-Western 3.2Regulating the Private Sector  Explain how government can improve operation of the private sector. 

Slides:

Advertisements

Similar presentations

Maintaining Legal and Social Framework

Advertisements

Section Outline 1 of 9 Government’s Role In Our Economy Section 2: Government’s Efforts to Solve Economic Problems I.Ensuring Fair Business Practices II.Protecting.

U.S. Private and Public Sectors

Business and Government #3 Today I will: Take notes and be fascinated! So I can: Explain how government, by establishing laws and regulations, can improve.

Economics LAP 16 Describe how government is involved in business. Objective.

1. People can’t have everything they want, so they choose. 2. People make better decisions when they weigh the present and future benefits and costs of.

LESSON 7.3 Antitrust, Economic Regulation, and Competition

Economic Functions of Government

Slide 1 Copyright © Pearson Education, Inc.Chapter 3, Section 2 Essential Question What role should government play in a free market economy?

Economic Policy by Jared, Chris, and Andreas. Wal-Mart ●Inflation: Increases the prices of its goods over time.

Chapter 20 Section 1. Providing Public Goods What Are Private Goods?  Private Goods- Goods that, when consumed by one individual, cannot be consumed.

Chapter 3: The public and private sectors. The Private Sector  I. The Private Sector- includes 3 groups of economic decision makers  A. Households-

LESSON 1-3 Economic Systems

Developed by Cool Pictures & MultiMedia PresentationsCopyright © 2004 by South-Western, a division of Thomson Learning. All rights reserved. The International,

Introduction to Business © Thomson South-Western ChapterChapter Social Responsibility of Business and Government Social Responsibility Government.

Chapter 11 The Role of Government in Our Economy Section 11.1 Government as Regulator.

1 Chapter 3 Economic Decision Makers These slides supplement the textbook, but should not replace reading the textbook.

Economic Functions of Government Q: What is the Government’s Role? A: Set the Rules of the Game…

CONTEMPORARY ECONOMICS© Thomson South-Western 20.3Consumer Protection  Explain why consumers need the government to protect them from defective or dangerous.

Evaluating Economic Performance and Capitalism Chapter 2.

Copyright © 2005 by South-Western, a division of Thomson Learning, Inc. All rights reserved. 1-1 Competing in Global Markets.

Intro to Business, 7e © 2009 South-Western, Cengage Learning SLIDE1 CHAPTER Satisfying Needs and Wants Economic Choices Economic.

The Role of Government in a Market Economy. 1. Provide a legal system Make and enforce laws and to protect private property rights. Make and enforce laws.

Economic Functions of Government SSEF5 The student will describe the roles of government in a market economy. a. Explain why government provides public.

Chapter 7 Legal Aspects of Business

The Economic System. Fundamental Questions What goods and services should be produced? What goods and services should be produced? How should these goods.

Chapter 23- Government and the Economy. Providing Public Goods Private goods are goods that when consumed by one individual, cannot be consumed by another.

Government and the Economy Fall-Winter 2013 Harrison Career Center Mr. Leasure.

ECONOMIC FUNCTIONS OF GOVERNMENT. Objectives Students will: Identify the six economic functions of government Classify examples of government actions.

Intro to Business, 7e © 2009 South-Western, Cengage Learning SLIDE1 CHAPTER Social Responsibility Government Protection Activities 4-3.

Managing Spending  TLW: prepare a budget to help you manage your money wisely.  Activity: Read pages Class discussion. Complete managing Your.

CONTEMPORARY ECONOMICS© Thomson South-Western 7.3Antitrust, Economic Regulation, and Competition  Explain the goal of U.S. antitrust laws.  Distinguish.

©2013 Cengage Learning. All Rights Reserved. Business Management, 13e Legal Aspects of Business Regulations Maintaining Competition Regulations.

© SOUTH-WESTERN  12.1 Students understand common terms & concepts and economics reasoning. Standard Address: CONTEMPORARY ECONOMICS: LESSON 3.21.

© SOUTH-WESTERNCONTEMPORARY ECONOMICS: LESSON 3.21 LESSON 3.2 Regulating the Private Sector  Explain how government, by establishing laws and regulations,

Introduction to Business © Thomson South-Western ChapterChapter Economic Decisions and Systems Satisfying Needs and Wants Economic Choices.

Chapter 16: Government and the Economy. Why Is Government Involved in the Economy? We continue to debate the proper role of the government in dealing.

CONTEMPORARY ECONOMICS© Thomson South-Western 5.3Production and Cost  Understand how marginal product varies as a firm hires more labor in the short run.

Actions of the Federal Reserve

U.S. Private and Public Sectors Chapter 3. Objectives Evolution of households Evolution of the firm International Trade.

LEGAL AND ETHICAL ISSUES Ch. 6. THE ROLES OF GOVERNMENT  “The stability of a government and its policies shape the political climate of a country” 

Role of Government in the Economy Continued. The Role of Government in our Economy Direct Services – Postal system – Military – Highways – Education –

Georgia Council on Economic Education w w w. g c e e. o r g Focus: Understanding Economics in Civics and Government LESSON 4 What Are The Economic Functions.

Introduction to Business, The Role of Government in Business Slide 1 of 54 The Role of Government In Business.

The Role of Government in Our Economy. Think about it…… What are some government regulations that affect what you do?

Introduction to Business © Thomson South-Western ChapterChapter Economic Decisions and Systems Economic Systems and Monopolies Supply and.

1. The government fulfills many roles and performs many activities in business. 2.

Introduction to Business © Thomson South-Western ChapterChapter Economic Decisions and Systems Satisfying Needs and Wants Economic Choices.

Economics Learning Steps 9/9/14. Complete SSEMA1 Unemployment Post. Quiz & SSEMA2 Fiscal Policy Pre. Quiz.

CIVICS PACKET – FEBRUARY DUE BY FEBRUARY 28 TH. STANDARD CE.13A THE STUDENT WILL DEMONSTRATE KNOWLEDGE OF THE ROLE OF GOVERNMENT IN THE UNITED STATES.

Government and the Economy. Role of Government: Providing Public Goods Private Goods: must be purchased to be consumed; can’t be consumed by anyone else.

© 2012 Cengage Learning. All Rights Reserved. Objective 2.05 Understand responsible actions for conducting business. SLIDE 1 Objective 2.00 Understand.

U.S. Private and Public Sectors

Government's Role in Business.

-How a government taxes and spends money

Government’s Role in the U.S. Economy

Chapters 2 and 11 Fundamentals of Business

The U.S. Private an Public Sectors

LT: Explain the roles government plays in our free enterprise system

THE GOVERNMENT AND THE ECONOMY

Acquire knowledge of the impact of government on business activities to make informed economic decisions 5.04.

Identify the roles government plays in our free enterprise system

EE #18: Mixed Market How much grain is being made at Pt. D?

Identify the roles government plays in our free enterprise system

List and Identify the different types of businesses

Government’s Role in the U.S. Economy

Financing Government Chapter 16.

EE #18: Mixed Market How much grain is being made at Pt. D?

ECONOMICS CHAPTER 3 U.S. PRIVATE AND PUBLIC SECTOR

Unit 1, Lesson 2 What Do Economists Study?

Presentation transcript:

CONTEMPORARY ECONOMICS© Thomson South-Western 3.2Regulating the Private Sector  Explain how government can improve operation of the private sector.  Distinguish between regulations that promote competition and those that control natural monopolies.  Describe how fiscal policy and monetary policy try to control the business cycle. Objectives

CONTEMPORARY ECONOMICS© Thomson South-Western 3.2Regulating the Private Sector  private property rights  antitrust laws  natural monopoly  fiscal policy  monetary policy Key Terms

CONTEMPORARY ECONOMICS© Thomson South-Western 3.2 Regulating the Private Sector SLIDE 3 Rules for a Market Economy The effects of government regulation are all around you. Examples Clothing labels Speed limits

CONTEMPORARY ECONOMICS© Thomson South-Western 3.2 Regulating the Private Sector SLIDE 4 Establishing Private Property Rights Private property rights guarantee individuals the right to use their resources as they choose or to charge others for the use.

CONTEMPORARY ECONOMICS© Thomson South-Western 3.2 Regulating the Private Sector SLIDE 5 Intellectual Property Rights Patent Copyright Trademark

CONTEMPORARY ECONOMICS© Thomson South-Western 3.2 Regulating the Private Sector SLIDE 6 Measurement and Safety U.S. Bureau of Weights and Measures The U.S. Food and Drug Administration (FDA) The U.S. Department of Agriculture The Consumer Product Safety Commission

CONTEMPORARY ECONOMICS© Thomson South-Western 3.2 Regulating the Private Sector SLIDE 7 Market Competition and Natural Monopolies Promoting market competition Antitrust laws attempt to promote competition and reduce anticompetitive behavior. Regulating natural monopolies When it is cheaper for one firm to serve the market than for two or more firms to do so, that firm is called a natural monopoly.

CONTEMPORARY ECONOMICS© Thomson South-Western 3.2 Regulating the Private Sector SLIDE 8 Growth and Stability of the U.S. Economy Fiscal policy uses taxing and public spending to influence national economic variables. Monetary policy tries to supply the appropriate amount of money to help stabilize the business cycle and promote healthy economic growth.