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Ent 1 Obj 2.02
Gov and Business
| Question | Answer |
|---|---|
| disposable imcome | the amount of money people have to spend or dispose of after they have paid their taxes also called disretionary income |
| federal communications commision | a gov agency that regulates interstate and internatinal communications by radio television |
| federaltrade commission | a gov regulatory agency that administers and enforces antitrust laws to prevent price fixing and to prohibit unfair competitive practices |
| fiacal policy | the gov policy that sets levels of gov spending a taxation |
| food and drugs administration | the regulatory afency established by the federal gov to enforce laws that protect conumers health |
| licensing | lssuing a gov permit that allows an individual or a business to function in the marketplace |
| monetery policy | yjr gov policy that determines that amount of money that will be in cirulation and the level of interest rates |
| monoply | a condition in which a market is controlled by one supplier with no subsitutes goods or services readily available |
| natural monoply | a single business that influences the entire production of a particular good or service becaues it is in the bet interest of the public gor the business to do so |
| occupational safety and health administration | a federal gov agency that writes and enforces safety and health standareds for businesses |
| pric discrimination | an illegal activity in which a business charges diff customers diff prices for similar amounts and types of products |
| price supports | assistance by gov in maintining the price of a good pr service to enable the producers to earn a profit |
| private enterprise system | an economic system in which individuals and groups rather than gov oewn or control the means of production also known as a free market enconomy |
| private sector | that prat of the economy that is owned and controlled by individuals abd or businesses |
| public good | good and services that are used by all people and cannot be withheld from people who dont help pay for them |
| public sector | that part of the economy that is owned and operated by gov at all levels |
| subsidy | gov financial help given to a business |
| tariff | a tax on imported good also call duty |
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