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Chapter 23 Lesson Government and the Economy

Chapter 23 Lesson Government and the Economy

Released Monday, 15th November 2021
Good episode? Give it some love!
Chapter 23 Lesson Government and the Economy

Chapter 23 Lesson Government and the Economy

Chapter 23 Lesson Government and the Economy

Chapter 23 Lesson Government and the Economy

Monday, 15th November 2021
Good episode? Give it some love!
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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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