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