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Chapter 23 Lesson Government and the Economy
Manage episode 337491627 series 3381945
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Section 1: The Role of Government
Free enterprise is the freedom of individuals and businesses to operate and compete with a minimum of government interference or regulation. In order to encourage competition and prevent monopolies, governments take steps to regulate economies.
Section 2: Measuring the Economy
An economic system is the way a society organizes the production and consumption of goods and services. Our government plays a limited, but important, role in measuring and trying to balance the alternating periods of growth and decline called the business cycle.
Section 3: Government, the Economy, and You
People form governments to establish order, provide security, and accomplish common goals. A major focus of government programs is to help people in poverty.
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