HGov: Economic Policy


Business is the major beneficiary of the federal government’s efforts to promote economic interests. A large number of programs, including those that provide loans and research grants, are designed to assist business firms, which are also protected from failure through measures such as tariffs and favorable tax laws. Labor, for its part, obtains government assistance through laws covering areas such as worker safety, the minimum wage, and collective bargaining. Yet America’s individualistic culture tends to put labor at a disadvantage, keeping it less powerful than business in its dealings with the government. Agriculture is another economic sector that depends substantially on government’s help, particularly in the form of income stabilization programs such as crop subsidies.

1) Read Chapter 14 pp.445-474
2) Read Chapter 15 pp.481-511



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