7.3 The Role of Government
Unit 2 Lesson 9: The Role of Government
Main Idea
One of the economic functions of government in a market economy is to maintain competition. Specifically, the way the government creates and maintains our market economic system. The government’s role in the economy can be controversial, some may even say completely unnecessary. But there are some deficiencies in a free market, and we’re going to look at those, and the tools the government uses to combat those issues in maintaining a healthy and stable economy.
Lesson Objectives
By the end of this lesson, students should be able to:
One of the economic functions of government in a market economy is to maintain competition. Specifically, the way the government creates and maintains our market economic system. The government’s role in the economy can be controversial, some may even say completely unnecessary. But there are some deficiencies in a free market, and we’re going to look at those, and the tools the government uses to combat those issues in maintaining a healthy and stable economy.
Lesson Objectives
By the end of this lesson, students should be able to:
- List major antitrust legislation in the United States.
- Describe the need for limited government regulation.
- Describe the value of public disclosure.
- Explain the modifications to our free enterprise economy.
Reading Assignment
Read pages 178 - 183 in Economics: Principles & Practices. Complete the Guided Reading Activity (print it) as you read. Turn it in after you have completed it.