Government’s Role in Business - Vocabulary

allows the government to break up companies with control of a market; prevents monopolies

• Sherman Antitrust Act of 1890

• Federal Trade Commission Act of 1915

• Regulation

• Deregulation

passed to amend and clarify the Sherman Antitrust Act

• Clayton Antitrust Act of 1914

• Federal Trade Commission

• Small Business Administration

• Regulation

established the Federal Trade Commission

• Personal Income Tax

• Small Business Administration

• Federal Trade Commission Act of 1915

• Graduated Tax

promotes fair competition; prevents false/deceptive advertising

• Federal Trade Commission Act of 1915

• Small Business Administration

• Sherman Antitrust Act of 1890

• Federal Trade Commission

government sets strict rules affecting businesses within certain industries

• Property Taxes

• Regulation

• Closed Shop

• Monetary Policy

removal or relaxation of the rules affecting businesses within certain industries

• Business

• Administrative Law

• Deregulation

• Legislative Branch

high startup costs or other obstacles which may prevent new competitors from entering an area of business

• Entry Barriers

• Regulation

• Labor Unions

• Environmental Protection Agency

provides low-cost loans, advice and other assistance to small businesses

• Small Business Administration

• Personal Income Tax

• Deregulation

• Regulation

created to protect the natural environment in which we live; stresses clean air, land and water; creates laws to prevent businesses from harming the environment

• Taft-Hartley Act of 1947

• Unionization

• Collective Bargaining

• Environmental Protection Agency

percentage of total income deducted from a paycheck; graduated tax

• Graduated Tax

• Personal Income Tax

• Property Taxes

• Sales Taxes