1. Government in Business

2. Roles of Government Provide services for members of society
Protect citizens, consumers, businesses, and workers
Regulate utilities and promote competition
Provide information and support to businesses
Buy goods and services
Hire public employees
Raise revenue

3. Government Protection
Government protects through police and fire-fighting services
Armed forces provide for national defense
People are protected through Government Protection Agencies created by the government

4. Patent
Gives the inventor the sole right to make, use, or sell the item for 20 years
10 Unique Products that made the inventor RICH!

5. Protects the creative works of authors, composers, and artists
Copyright
Protects the creative works of authors, composers, and artists
Extends to 70 years after the person’s death

6. A word, letter, or symbol linked with a specific company or products
Trademark
A word, letter, or symbol linked with a specific company or products

7. Preventing Unfair Business Practices
Stopping a Monopoly - Exists when a business has control of the market for a product or service
Standard Oil – Was controlled by John D. Rockefeller in the 1900’s. Company was forced to break up into smaller companies (Exxon and Chevron)
AT & T – 1980’s was broken into smaller companies. Now trying to merge with T-Mobile and there is talk that would become a monopoly again
Microsoft – was sued as being monopoly of operating systems. Originally lost but won the appeal so didn’t have to break up the company