ROLE OF GOVERNMENT IN BUSINESS As Regulator – what does government regulate? ▫Look up your legislation  Explain the act.  Why was this specific act passed?  Why was the consumer issue important at that time?

Role of Government in Business Government as regulator: ▫Regulates food and medicine through FDA  Food and Drug Administration ▫Regulates environment through EPA  Environmental Protection Agency ▫Regulates communications through FCC  Federal Communications Committee

Government as Competitor Who does the government compete with? ▫Name a business that the government runs that would compete with business.

Competitor Government as competitor ▫Government runs USPS (United States Postal Service ▫USPS competes with UPS and Fed Ex and other delivery companies

Supporter Government as supporter ▫Farm subsidies – help farmers when there are bad weather conditions and crops don’t grow as expected

Supporter How is the government a supporter? What types of things does the government support?

Provider of Services What services does the government provide for us?

Services Government as provider of services ▫Provides roads, police protection, national defense, schools