ROLE OF GOVERNMENT IN BUSINESS As Regulator – what does government regulate? ▫Look up your...
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Transcript of ROLE OF GOVERNMENT IN BUSINESS As Regulator – what does government regulate? ▫Look up your...
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