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Starter task. Write down everything you know about government for the hot seat challenge!. The role of government II. BTEC Business studies Level 2 Unit 1. Learning objectives. £ I can discuss the meaning of government ££ I am able to explain the meaning of the economy

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Starter task

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  1. Starter task Write down everything you know about government for the hot seat challenge!

  2. The role of government II BTEC Business studies Level 2 Unit 1

  3. 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

  4. 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

  5. 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)

  6. The government and the economy Businesses want a country to have strong economic growth. This includes: • Steady economic growth – so the economy grows each year • Full employment – so that everyone who wants a job can find one • Sustained low inflation – so process and wages increase a small amount each year http://www.bankofengland.co.uk/education/inflation/calculator/flash/index.htm • A surplus on the balance of payments – which means that the UK exports more than it imports

  7. Hire labour Pay wages Firms Households Buy goods Spend money

  8. The job of the government • Encourage consumers to spend by setting low tax rates and paying state benefits to those below a certain minimum income

  9. 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

  10. The job of the government 3. Encourage exports od goods and discourage imports

  11. The job of the government 4. Spend money on new projects for the future, such as road building and schools.

  12. Review learning objectives Very confident Quite confident Think I understand Not sure Really don’t know

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