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Government Storyboard
Updated: 9/27/2019
Government Storyboard
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Storyboard Text

  • I do not have a job. I need help
  • I need assistence for my industry!!!!
  • Let us not overspend!!!
  • Government Supports Government Supports provides assistance for groups in need and gives people the necessary items they might need for life. It also provides training for citizens to work and make money. One pro would be that it assists with the debt relief. One con is it allows abuse of the system.
  • I did not pay for my goods
  • Subsidies Subsidies is governement assistence for businesses and industries. A Pro of this topic is that supports important industries. A con of this topic is that it may not benefit all citizens.
  • Government Overspending Government Spending happens when federal, state, or local governments spend more money on services for the people than they take in through tax revenue. The causes of overspending is one, it increases government spending and two, taxes are increased.
  • These goods are non-excludable
  • Interest Groups Interest Groups are groups are groups of people working to shape policy through votes, support, and info. One pro is that people have an opportunity to partipate. One con is that it results in corruption.
  • Free Rider Problem The free rider problem is individuals who use public goods without paying for those goods. A pro of this would be that you do not have to spend more money then you spent. A con would be is that it leads to market failure.
  • Public Goods Public goods are goods and services provided by government that are non-excludable. A pro due to the problem of market failure when people do not benefit or pay for the costs of marketplace interaction. A con would be that there could be a lack of public goods.
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