Social Studies - 2019-20

CE.13a - Government and Competition

The student will apply social science skills to understand the role of government in the United States economy by

a) examining competition in the marketplace;


Adopted: 2015

BIG IDEAS

UNDERSTANDING THE STANDARD

The government promotes and regulates marketplace competition.

ESSENTIALS

Ways the government promotes marketplace competition

 Establishing and enforcing antitrust legislation to discourage the development of monopolies

 Enacting policies that encourage global trade

 Supporting business start-ups


Government agencies that regulate and promote competition in the marketplace

 FCC (Federal Communications Commission)

 SEC (Securities and Exchange Commission)

 FTC (Federal Trade Commission)

 These agencies oversee the way individuals and companies do business.


KEY VOCABULARY

Updated: May 16, 2018