| A | B |
|---|
| General role of government in business. | Maintaining Competition, Maintaining Legal and Social Framework, Stabilizing the Economy Redistributing Income, Providing Goods and Services, Correcting for Externalities. |
| Examples of government as regulator. | Protecting Competition, Protecting Business Agreements, Protecting Creative Property, Regulating Production Process. |
| Examples of government as provider. | Public Services, Work , Business, Investors |
| Examples of laws that protect companies from illegal competitive practices. | Sherman Act (1890), Federal Trade Commission Act (1914), Clayton Act (1914) |
| The government enforces binding legal agreements against various breaches: | Breach of contract |
| The Government and Business Agreements – Laws regarding business agreements: | Uniform Commercial Code (1952) |
| The government protects intellectual property: | Copyright, Patent, Trademark. |
| Examples of laws that protect intellectual property. | Copyright Law (1790), Patent Act of the U. S. (1790), Lanham Act (1946), Freedom of Information Act (1966). |
| Examples of laws that protect the environment. | National Environmental Policy Act (1969), Clean Air Act (1970), Clean Water Act (1972) |
| Examples of work-related public services that the government provides. | Postal Service, Armed Services, Parks/Recreation, Transportation, Education, Police/Fire. |
| Examples of laws that protect the rights of employees. | Social Security Acts (1935, 1965), Fair Labor Standards Act (1938), Family and Medical Leave Act (1993), Occupational Safety and Health Act (1970) Employee Retirement Income Security Act (1974) |
| Examples of business-related public services that the government provides. | Small Business Administration (1953) |
| Examples laws that protect the rights of investors. | Securities Act (1933), Securities Exchange Act (1934), Sarbanes-Oxley Act (2002) |
| The government protects businesses against: | Trust, Monopoly/Oligopoly, Collusion, Price Fixing. |
