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