Government
Protecting business companies, enforcing business contracts, setting business disagreements, setting and collecting debt
Purpose of government involvement
an organization or enterprising entity engaged in commercial, industrial, or professional activities
Business
Changes in prices charged by businesses affect the amount of income the government receives
Taxes
The system to govern a state or community
Government
Process of issuing a permit allowed an individual or a business function in the marketplace
Licensing
Government would set and collect taxes on the products businesses sell
Setting and Collecting Debt
Government can borrow money from other countries or private sectors
Borrowing
The Government tells businesses their maximum and minimum of wages + pricing
Wage/Price Control
What type of government do we use today?
Federal Democratic Republic
Disagreements between businesses would be settled in government courts
Setting Business Disagreements
protected by government regulation
Positive effect of regulation
Process of developments of an industry, for example by building factories to produce goods and services
Industrialization
Is the U.S Government financially stable currently?
The U.S Governments Budget Deficit decreased from 2.8 Trillion to 1.4 Trillion Dollars, So No.
What is Protecting Business Company?
Business would provide fire, police, and military protection
Lowers pay raise
Negative effect of regulation
As marketplace grew more complicated, consumers turned to the government for protection on businesses
Attitude Changes