1. EPF 8 – Be able to describe the role of government in a Free Enterprise economy

2. Seed Question The Role of Government
What do you believe the role of government should be in our Free Enterprise system?

3. COMPLETE THE EPF 8 PRETEST
EPF 8 – Be able to describe the role of government in a Free Enterprise economy
COMPLETE THE EPF 8 PRETEST

4. OBJECTIVE
In a matching exercise & short essay, be able to describe the role of government in a Free Enterprise system

5. The Role of Government Its the Law
Protect Business Property (fire, police, patents)
Enforce Contracts
Settle Disagreements
Collect & Set Taxes
Its the Law

6. The Role of Government Its the Law Provides for the Public Good
Acts as a Consumer
Provides for the Public Good
Provides for National Security
Its the Law

7. Its the Law The Role of Government Provide for Public Welfare
Protect Public Health
Regulate/Stabilize Economy
Conserve the Environment
Protect Consumers
Protect Competition
Regulate the Workplace
Its the Law

8. The Role of Government Services Provided
Military
Police
Fire Protection
Education
Infrastructure
Postal
Libraries
Welfare Services

9. The Role of Government Rules & Regulations
Anti-Monopoly Regs.
Sherman Anti-Trust Act of 1890
Clayton anti-trust Act of 1914
Federal Trade Commission (FTC)
Other Acts
Consumer Product Safety Commission
Securities/Exchange Commission (SEC)
Wheeler-Lea Act (Adv)
Zoning, Licensing, Building Codes

10. The Role of Government Rules & Regulations
Business Protection Rules
Patents
Copyrights
Trademarks
Worker Protection Rules
Equal Employment Opportunity Commission
Occupational Safety & Health Admin. (OSHA)
Minimum Wage Rules
Child Labor Laws

11. The Role of Government Rules & Regulations
Consumer Protection
Robinson-Patman Act (Price Discrimination)
Food & Drug Administration (FDA)

12. The Role of Government Taxes
Progressive Taxes
Proportional (Flat) Taxes
Regressive Taxes

13. The Role of Government Taxes
Income Taxes
Sales Taxes
Property Taxes
Business Taxes

14. The Role of Government Taxes
Income Taxes
Largest income source
Levied against individuals & business
Based on salaries/income
Allows for “deductions”
Business collects & sends to the government

15. The Role of Government Taxes
Sales Taxes
Levied against sales of goods/services
Varies from state to state
Collected by the business

16. The Role of Government Taxes
Property Taxes
Levied against the value of most personal property
Levied against individuals & business

17. The Role of Government Taxes
Business Taxes
Income (Federal, State, & Local)
Personal property
Payroll
Social Security
Unemployment

18. The Role of Government Taxes
Business Taxes (cont.):
Sales taxes
Corporation taxes
Business licenses
Car/truck licenses
Fees for service

19. OBJECTIVE
In a matching exercise & short essay, be able to describe the role of government in a Free Enterprise system
See Handout / Activity

20. COMPLETE THE EPF 8 QUIZLET
EPF 8 – Be able to describe the role of government in a Free Enterprise economy
COMPLETE THE EPF 8 QUIZLET