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Related Lessons
Lesson: The Mystery of is it Mine or Ours?
Goods and Services: Some are Private, Some are Not
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. The role of government has expanded to address so-called market failures and externalities by expanding their regulatory reach to address environmental concerns, monopolistic competition and provide public goods. Governments have also introduced various social programs to provide a social safety net for low-income individuals and senior citizens.
Marketplace: Doing Business in Afghanistan
In May 2002, delegates from governments, international companies, and financial institutions met at a United Nations conference in Tehran to discuss the reconstruction of Afghanistan. Afghanistan's officials say that to create a viable economy and a stable society, the country must recreate basic infrastructures --and it requires foreign investment to do so. But will businesses want to invest in Afghanistan? Correspondent Borzou Daragahi recently traveled to Afghanistan's business centers to see what life is like for the foreign entrepreneur.
No Fireworks on the 4th of July
This lesson explores the differences between public and private goods.
Related Publications
The following lessons come from the Council for Economic Education's library of publications. Clicking the publication title or image will take you to the Council for Economic Education Store for more detailed information.
Energy, Economics, and the Environment: Case Studies and Teaching Activities for High School
This publication helps students analyze energy and environment issues from an economics perspective.
4 out of 6 lessons from this publication relate to this EconEdLink lesson.
Energy, Economics, and the Environment: Case Studies and Teaching Activities for Elementary School
This publication helps elementary students analyze energy and environment issues from an economics perspective.
3 out of 10 lessons from this publication relate to this EconEdLink lesson.
Economics and the Environment: Ecodetectives
Students use economic reasoning to investigate 15 environmental mysteries.
3 out of 15 lessons from this publication relate to this EconEdLink lesson.