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Starter task Write down everything you know about government for the hot seat challenge!
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Transcript of Starter task Write down everything you know about government for the hot seat challenge!
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Starter task
Write down everything you know about government for the hot
seat challenge!
![Page 2: Starter task Write down everything you know about government for the hot seat challenge!](https://reader035.fdocuments.in/reader035/viewer/2022062423/56649ea85503460f94bab128/html5/thumbnails/2.jpg)
The role of government II
BTEC Business studiesLevel 2Unit 1
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Learning objectives
£ I can discuss the meaning of government
££ I am able to explain the meaning of the economy
£££ I am able to identify ways in which the government encourages business
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The European government
• Effects all members of the EU• Protects internal market• Promotes competition laws to keep prices fair
for all members• Encourages product standardisation
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Local government
• All areas in UK have a local council• They promote their own area• Try to encourage businesses to locate their
(grants and other incentives)
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The government and the economy
Businesses want a country to have strong economic growth. This includes:1. Steady economic growth – so the economy grows
each year2. Full employment – so that everyone who wants a job
can find one3. Sustained low inflation – so process and wages
increase a small amount each year http://www.bankofengland.co.uk/education/inflation/calculator/flash/index.htm
4. A surplus on the balance of payments – which means that the UK exports more than it imports
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FirmsHouseholds
Hire labour
Pay wages
Buy goods
Spend money
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The job of the government
1. Encourage consumers to spend by setting low tax rates and paying state benefits to those below a certain minimum income
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The job of the government
2. Encourage business to increase investment in new machinery, equipment and staff by keeping interest rates low and promoting business confidence
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The job of the government
3. Encourage exports od goods and discourage imports
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The job of the government
4. Spend money on new projects for the future, such as road building and schools.
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Review learning objectives
1. Very confident2. Quite confident3. Think I understand4. Not sure5. Really don’t know