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11.111.2

Amber Brasket Role of GOV in economy

QuestionAnswer
Business that takes place between states. Interstate commerce
Business that takes place within states Intrastate commerce
occurs when a company controls an industry or is the only one to offer a product or service. monopoly
occurs when a small number of companies control an industry oligopoly
group of companies that band together to form a monopoly and cut out competition trust
allow the Federal government to break up monopolies, regulate them, or take control of them Antitrust laws
legally enforceable agreement between two or more parties contract
occurs when one party fails to live up to the terms of a contract breach of contract
gives artists the legal right to own their creations Copyright
legal grant for the sole right to own an invention patent
trademark name symbol, or a characteristic that identifies a product
income that governments get from all sources Revenue
occurs when a business offers a public good orservice Privatization
monetary grants given to producers or consumers to encourage certain behaviors Subsidies
amount of money people and businesses pay governments to help run the nation tax
temporary reduction or elimination of a tax that is meant to encourage or discourage an activity tax incentive
*federal of or relating to the central government or a ferderation as distinguishing from the governments of the constituent units
*enable to make possible, pratical, or easy
*symbol something that stands for or suggests something else b reason of re;ationship, association, convention, or accidental resemble
*Registered Enrolled formally
*incintives Something that incites or has a tendency to incite to determination or action
*welfare the state of doing well, especially in respect to good fortune, happinesses, wellbeing, or prosperity
*ensure to make sure, certain, or safe
*allocate To apportion for a specific purpose or to particular persons or things
special tax benefit given to promote specific economic or social objectives tax break
government expense that is providd to help people transfer payment
items that consumers purchase directly from business goods and sevices
Created by: Amber_Brasket on 2013-01-18



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