Role of Government Sem 1

Role of Government Sem 1
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Slide 1: Slide
EconsSecondary Education

This lesson contains 7 slides, with interactive quiz and text slides.

Items in this lesson

Role of Government Sem 1

Slide 1 - Slide

Influence of government on personal economic and financial decisions
Government can influence personal consumer and financial decisions in a number of ways:
  • redistributes income to enable all people to achieve a minimum standard of living, 
  • establishes laws and regulations for consumer protection, and
  • provides incentives that encourage individuals to act in an informed manner and to provide for themselves over the course of their life. 



Slide 2 - Slide

In Unit 1 we focus on 
taxation 
and 
government spending 
with an understanding of income redistribution

Slide 3 - Slide

What does it mean to distribute?

Slide 4 - Mind map

Distribute
Distribute means to share out.

To redistribute means to share out again.

Redistribution of income means to share out income again among a group. 

Slide 5 - Slide

Slide 6 - Link

Slide 7 - Slide