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ROLES OF GOVERNMENT
IN BUSINESSCreated by The University of North Texas in
partnership with the Texas Education Agency
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Roles of Government in BusinessGeneral Roles Regulator versus Provider
• Maintaining Competition• Maintaining Legal and
Social Framework• Stabilizing the Economy
• Redistributing Income• Providing Goods and
Services• Correcting for Externalities
• Government as Regulator▫ Protecting Competition▫ Protecting Business
Agreements▫ Protecting Creative
Property▫ Regulating Production
Process
• Government as Provider▫ Public Services▫ Work▫ Business
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GOVERNMENT AS REGULATOR
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Protecting Competition
The government protects businesses against:
▫Trust▫Monopoly/Oligopoly▫Collusion▫Price Fixing
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The Government and CompetitionExamples of laws that protect companies from illegal competitive practices.
LAWS
Sherman Act (1890)
Federal Trade Commission Act (1914)
Clayton Act (1914)
Websites http://www.ftc.gov/bc/antitrust/antitrust_laws.shtmhttp://www.justice.gov/atr/
MicrosoftParamount
AT&T (RBOC)
COMPANIES TO RESEARCH
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Protecting Business Agreements
The government enforces binding legal agreements against various breaches:
▫Breach of contract▫Breach of fiduciary duty▫Breach of rental agreement▫Breach of warranty
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The Government and Business AgreementsLaws regarding business agreements.
Uniform Commercial Code (1952)
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Protecting Creative Properties
The government protects intellectual property:
▫Copyright▫Patent▫Trademark
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The Government and Creative Property Examples of laws that protect intellectual property.
LAWS
Copyright Law (1790)
Patent Act of the U. S. (1790)
Lanham Act (1946) Freedom of Information Act
(1966)
Websites: http://www.uspto.gov/
http://www.copyright.gov/
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Regulating Production Processes
The government protects environments in which we work and live.
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The Government and ProductionExamples of laws that protect the environment.
LAWS
National Environmental Policy Act (1969)
Clean Air Act (1970)
Clean Water Act (1972)
Website: http://www.epa.gov/
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GOVERNMENT AS PROVIDER
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Public Services
The government provides jobs and work-related support to members of society.
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The Government as Provider of Public Services Examples of work-related public services the government provides.
• Postal Service
• Armed Services
• Parks/Recreation
• Transportation
• Education
• Police/Fire
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Work
The government provides jobs and work-related services to society.
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LABOR LAWS
• Social Security Acts (1935, 1965)• Fair Labor Standards Act (1938)• Family and Medical Leave Act
(1993)• Occupational Safety and Health
Act (1970) and Employee Retirement Income Security Act (1974)
• Websites: http://www.texasonline.com/portal/tol/en/bus/home
http://www.dol.gov/whd/fmla/index.htm
The Government as Provider of Labor Laws Examples of laws that protect the rights of employees.
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•Small Business Administration•Subsidies•Tax Incentives
Business
The government provides jobs and work-related support to members of society.
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BusinessExamples of business-related public services that the government provides.
Small Business Administration (1953)
Website: http://www.sba.gov/aboutsba/index.html
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Investor
The government provides protection to investors in businesses.
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InvestorExamples of laws that protect the rights of investors.
• Securities Act (1933)• Securities Exchange Act
(1934)• Sarbanes-Oxley Act (2002)
Website: http://www.sec.gov/
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Sources Cited• ecedweb.unomaha.edu/lessons/fecga.htm• www.jmu.edu/madison/teacher/jeopardy/jeopardy.htm• definitions.uslegal.com/• www.ftc.gov/bc/antitrust/antitrust_laws.shtm• www.uspto.gov/web/offices/ac/ahrpa/opa/kids/special/
kidbright.html• www.merriam-webster.com• http://rubistar.4teachers.org/