Academic Year 2020 – 2021

Semester 1
Topic: 11.1: Government as a Regulator Subject: Business
Date:
Activity sheet #:5 Reference pages:178-184
10/12/2020
Individual work Pair work Group work
Name Grade:10

I – Identify the four ways in which government regulates business

1.What governs the working of an economy?

Ali: Laws governs the working of an economy.

I. Fill in the blanks

1.The antitrust laws allows the federal government to break up monopolies, regulate them, or
take control of them.

2. A trust is a group of companies that band together to form a monopoly and cut out
competition.

3.______contract_____ a legally enforceable agreement between two or more parties.

4. ___Breach of contract ________occurs when one party fails to live up to the terms of a
contract.

5. A _____copyright_____ gives artists the legal right to own their creations.

6. A ___patent______ is a legal grant for the sole right to own an invention.

7. A ____trademarks______ is a name, a symbol, or a characteristic that identifies a product.

II. Analyze the way the government regulates the business.

1. Look at the pictures and describe how government regulates them.

Group1 Group2 Group 3 Group4

Group 5
Group 1
Ali Mohammed A trademark is a name, a symbol, or a characteristic that identifies a product
Only the owner of the trademark can legally use it.
Raghad
Hussain
Hamza

Group 2
Danial Breach of contract occurs when a party fails to live up to the terms of a contract.
Include details of the breach of the contract. Traditionally, it is acceptable to ask
the party to remedy the breach within a reasonable time frame. In order to
comply with the Civil Procedure Rules, a period of at least 14 days must be
given to remedy the breach.
Talal Branch of contract is when one part of term breaks the term of an agreement.
Hamad
Mohammed
Abdulla

Group 3
Ola To reduce pollution, the government can use four main policies: tax to raise the
price, subsidise alternatives, regulations to ban certain pollutants and pollution
permits.
Fatima
Eman
Deena

Group 4
Maria The federal government grants patents. No one can copy a patented product
without permission for 20 years after the inventor made an application for the
US Patent and Trademark Office.
Komail The federal government grants patents. No one can copy a patented products
or process without permissions for 20 years after the inventor filed his or her
application with U.S patent and Trademark Office.
Mahdi

Group 5
Fay The government can use, tax to raise the price, subsidise alternatives, and
pollution permits.
Naema
Duha
Zahra The government also steers economic activity by regulating the production
process. Some laws limit the amount of waste that factories can discharge into
the environment. Worker protection laws impose safety requirements and work
procedures and regulate the minimum wage.
III. Discuss the ways government deals with monopoly.

Give the advantages and disadvantages of monopoly.

Give examples to support your answer.

Ali Mohammed Advantage: They can benefit from economies of scale-by increasing size thet
Mahdi can experience lower average costs – important for industries with high fixed
costs.
Disadvantages: Restricting output onto the market , reducing consumer surplus
and economic welfare.
Hussain
Hamza

Danial Monopoly Advantage: Monopoly avoids duplication and hence avoids wastage
of resources. Advantage of monopoly is that since there is one single seller in
the market it leads to economics. Disadvantages of Monopoly:
Talal The biggest disadvantage of monopoly is that seller is the price
maker which gives seller undue advantage of charging
Disadvantage of monopoly: is that seller is the price maker which gives
seller undue advantage of charging exorbitant or unfair price for the
product leading to exploitation of consumers as they have no option
but to buy it from seller as there is no competitor of the seller in
monopoly market.
Hamad
Mohammed
Abdulla

Ola Disadvantage: Restricting output onto the market. Charging a higher price than
Fatima in a more competitive market. Advantage: The ability to scale up.
Eman
Deena

Maria Advantage: They can charge higher prices and make more profit than in a
Komail competitive market. They are in charge of the price and they benefit from the
Raghad profits.
Disadvantage: Monopolies do not compete with other firms, they limit choice,
and the quality is not their biggest concern.

Fay Advantages: they can charge higher prices and make more profit.
 Naema Disadvantages: restricting choice for the customers.

Duha
Zahra Advantages: they can charge higher prices and make more profit
Disadvantage: monopolies do not compete with other firms

Prepared by: Ms Shiney A John Verified by: Mr. Mirza Hammad