CHAPTER 11 GOVERNMENT IN OUR ECONOMY. OUR GOVERNMENT-FEDERAL, STATE, AND LOCAL FEDERAL-REGULATE FOREIGN AND INTERSTATE COMMERCE (INVOLVING MORE THAN ONE.

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Presentation transcript:

CHAPTER 11 GOVERNMENT IN OUR ECONOMY

OUR GOVERNMENT-FEDERAL, STATE, AND LOCAL FEDERAL-REGULATE FOREIGN AND INTERSTATE COMMERCE (INVOLVING MORE THAN ONE STATE) STATE-REGULATE BUSINESS WITHIN BOUNDARIES (INTRASTATE COMMERCE) LOCAL-AUTHORITY DELEGATED BY STATE; INCLUDING BOARDS, COUNCILS, POLICE, FIRE PROTECTION

GOVERNMENT PROTECTS POLICE, FIRE, ARMED SERVICES LAWS FOR SAFE WORK ENVIRONMENT BASIC HUMAN RIGHTS FOR WORKERS PREVENT POLLUTION (AIR, WATER, NOISE, CHEMICAL)

GOVERNMENT PROTECTS (CONTRACTS) AN AGREEMENT TO EXCHANGE GOODS AND SERVICES FOR SOMETHING OF VALUE; WRITTEN OR UNWRITTEN VALID CONTRACTS INCLUDE: –AGREEMENT-OFFER MADE AND ACCEPTED –COMPETENT PARTIES-LEGAL AGE AND MENTALLY COMPETENT –CONSIDERATION-SOMETHING OF VALUE EXCHANGED BY BOTH PARTIES –LEGALITY-LEGAL PRODUCT, NO FRAUD OR DECEPTION EXISTS

GOVERNMENT PROTECTS (INTELLECTUAL PROPERTY RIGHTS) PATENT--GIVES INVENTOR EXCLUSIVE RIGHT TO MAKE, USE, AND SELL ITEM FOR 17 YEARS COPYRIGHT--PROTECTS CREATIVE WORK; 50 YEARS PAST DEATH TRADEMARK--WORD, LETTER, SYMBOL, LOGOS ASSOCIATED WITH COMPANIES, ORGANIZATIONS, LABELS

GOVERNMENT REGULATES REGULATING UTILITIES--INCLUDING COMPANIES THAT PROVIDE TELEPHONE, WATER, ELECTRICITY; RATES CHARGED NEED TO BE APPROVED BY GOVERNMENT AGENCIES PREVENTING UNFAIR BUSINESS PRACTICES- PREVENTING MONOPOLY; FAIR PRICING, FALSE ADVERTISING, MISLEADING LABELING, MAINTAIN HIGH QUALITY

GOVERNMENT ASSISTS BUSINESSES DATA COLLECTION--INFO FOR INCOMES, PRICES, WORKER AVAILABILITY, AND BUSINESS FAILURES, BUREAU OF LABOR STATISTICS, DEPT. OF AGRICULTURE, AND DEPT. OF COMMERCE GOVERNMENT LOANS--SBA (SMALL BUSINESS ADMINISTRATION); FINANCIAL ASSISTANCE DURING EXTREME HARDSHIP (DROUGHT, FLOOD)

GOVERNMENT PURCHASES PRODUCTS AND SERVICES FEDERAL, STATE, AND LOCAL GOVERNMENTS’ PURCHASES ACCOUNT FOR ABOUT 20% OF ALL GOODS AND SERVICES PRODUCED IN USA GOVERNMENT CONTRACTS

GOVERNMENT HIRES WORKERS SINGLE LARGEST EMPLOYER IN OUR ECONOMY FIRE, POLICE, DEFENSE, LAWYERS, TEACHERS, INSPECTORS, DATA ANALYSTS, COLLECTORS, MANY MORE

GOVERNMENT RAISES MONEY TAXES –INCOME TAX –PROPERTY TAX –SALES TAX BORROWING –SELLING BONDS –THE LEAST RISKY OF ALL DEBT

WEBSITES INTERNET SEARCH: –“Intellectual Property Rights” sba.gov (Small Business Administration) (Bureau of Labor Statistics) (Dept. of Commerce) (US Patent and Trademark Office)

WEBSITES (US Department of Agriculture) (US Treasury/IRS) (Patent info) ? ?