1. B. OVERVIEW OF SMALL BUSINESS 3.00 Explain the legal environment of small business. 3.03 Identify the role of government in small business. (The logos used in the PowerPoint were copied directly from corporate websites. They have not been altered in any way.)

2. Roles of government  Provider of public goods Public good: A good from which everyone receives benefits. (Examples: vaccinations, armed forces)

3. Roles of government  Provider of social programs By providing social programs, people who require help receive it. (Examples: social security, welfare, medical research, aid for dependent children)

4. Roles of government  Inspection U.S. Department of Agriculture U.S. Occupational Health and Safety Administration  Licenses

5. Roles of government  Redistributor of income People with higher incomes pay more taxes than people with lower incomes. Lower income people benefit from social programs.