Lessons on Concept 'Role of Government' for K-5
Competition Works in Our Flavor
Grades 3-5, 6-8 / EconEdLink: Students will discover the role of the Federal Trade Commission, explain how competition encourages producers to produce more of what consumers are willing and able to buy.
Goods and Services: Some are Private, Some are Not
Grades 2-5 / EconEdLink: The role of government is to provide for the common defense, define and protect property rights, and enforce contractual arrangements. Throughout the 20th and early 21st century, government has increased its role in economic life.