USA National Standards for Concept "Role of Government"
National Standard Number: 10
Institutions evolve in market economies to help individuals and groups accomplish their goals. Banks, labor unions, corporations, legal systems, and not-for-profit organizations are examples of important institutions that is essential to a market economy.
Online lessons on US Standard 10 from the National Council on Economic Education Website.
National Standard Number: 16
There is an economic role, such as provide for national defense, address environment concerns, protect property rights, and make market more competitive, for government in a market economy whenever the benefits of a government policy outweigh its costs.
Online lessons on US Standard 16 from the National Council on Economic Education Website.
