1. Government and Business

2. Preview Activity

3. Is competition among businesses good or bad for our economy?
PREVIEW:
Is competition among businesses good or bad for our economy?

4. Do you trust that the food you eat and the products you buy are safe?
PREVIEW:
Do you trust that the food you eat and the products you buy are safe?

5. If a business treats you unfairly, what can you do?
PREVIEW:
If a business treats you unfairly, what can you do?
Let’s Go to Court!
LAWYER

6. Government & the Economy
The Government promotes and regulates ______________
competition

7. Government & the Economy
Promotes means: _______________ Regulates means:
to encourage
to control

8. Government & the Economy
Ways the Government Promotes Marketplace Competition

9. Government & the Economy
Ways the Government promotes marketplace competition:
Enforcing antitrust legislation to discourage the development of _________________.
monopolies

10. Government & the Economy
Ways the Government promotes marketplace competition:
Engaging in
_________ ________.
global
trade

11. Government & the Economy
Ways the Government promotes marketplace competition:
Supporting _____________
start-ups.
business

12. Government & the Economy
The United States government passes ________ and creates ___________ to protect consumer rights and property rights.
laws
agencies

13. Government & the Economy
Individuals have the right of _________ ownership, which is protected by negotiated _________ that are enforceable by _____.
private
contracts
law

14. Government & the Economy
Government agencies establish guidelines that protect public _______and _________.
health
safety

15. Government & the Economy
Government Agencies that Regulate Business

16. Government & the EconomyF C C
_____ _____ _____
(Federal Communications Commission)
Regulates interstate and international communications by radio, television, wire, satellite and cable.

17. Government & the EconomyP A
_____ _____ _____
(Environmental Protection Agency)
Regulates individuals and businesses to protect the environment.

18. Government & the EconomyF T C
_____ _____ _____
(Federal Trade Commission)
Regulate competition by enforcing consumer protection and antitrust laws.

19. Government & the Economy
These agencies oversee the way _____________ and _____________ do business.
individuals
businesses

20. Government & the Economy
Consumers may take _______ action against violations of consumer rights.
legal

21. Processing Activity