1. Warm Up
What are some of the reasons that companies merge?

2. GOVERNMENT REGULATION

3. Wednesday, October 27, 2016
Objective: Students will be able to describe the role of government in the US free enterprise system and the changes in that role over time Purpose: Businesses and individuals need to know about changes in the role of the government in the economy in order to make adjustments to their economic activities when change occur

4. Promoting and Encouraging Competition
Preventing monopolies and stopping anticompetitive practices
Ensuring that market participants have access to truthful information
Resolving the effects of externalities, such as environmental conditions

5. Promoting and Encouraging Competition
Fulfilling the need for public goods, such as highways, military
Regulate industries for the health and safety of the public
Minimize the effects of business cycles in an effort to achieve stable economic growth

6. Rules and Regulations
Rules and regulations are created to protect individuals and businesses
Examples of Regulations
Food safety standards
Minimum Wage
Obamacare (cannot deny coverage to those with preexisting conditions)

7. Changes Over Time New Regulations Consumer Protection Deregulation
Example: Regulations on lending passed after 2009
Consumer Protection
Example: Unleaded gasoline
Deregulation
Example: Airline Deregulation Act

8. Video: Airline Deregulation