Standard Four Economics Project

Coach Holt, 4th Period

1. How does the United States Government promote and secure competition in market economy?

The government helps and supports the promote and secure competition in market economy. Government makes laws and does trades to keep things as a competitive mode. Government helps businesses start up their franchise to compete with others around them.

2. How does the United States Government protect private property rights in a market economy?

Government officials can deprive someone of property just as effectively as fellow citizens can. The Founders’ remedy is to allow government to take property only by laws formally enacted and enforced with appropriate judicial procedures to protect the innocent (such as jury trial, right to examine witnesses, and right to hire a lawyer).

3. How does the United States Government promote equity in a market economy?

The government does very little with equity in the market economy. Equity means to be fair and equal and the government does not like to do this but the economy in the United States is fair. Everyone can not succeed in the United Sates including the government but people try.
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4. How does the United Sates Government provide public goods and services in a market economy?

Public goods are those goods and services provided by the government because a market failure has occurred and the market has not provided them. All members should help and provide for goods but in reality some need it more then others. Our society, depending on locality, has provided such public goods and services as public education, sanitation, police services, fire protection, and libraries. The government helps with this.

5. How does the United States Goverment resovle externalities and other market failures in a market economy?

This occurs when there is an inefficient allocation of resources in a free market. Market failure can occur due to a variety of reasons, such as monopoly (higher prices and less output), negative externalities (over-consumed) and public goods (usually not provided in a free market)

6. How does the United States Goverment stabilize and promote growth in a amarket economy?

In order to restore economic stability, policymakers must focus on restoring the institutional role of governing. Government can provide a stable environment for economic growth when it can be depended upon to maintain the stability of the currency, enforce and defend property rights, and provide oversight that assures private citizens that their transaction partners in the marketplace are held accountable.
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7. How does the United States Goverment use regulations and deregulation policiesw to affect consumers and producers in a amarket economy?

It is often thought that individual firms lack the perspective and/or the incentive to protect society. Consequently, the regulation of business and industry by government is for the purposes of consumer protection and or the enhancement of business competition. Regulation is generally thought to also protect minorities, employees, investors, and the environment.