Government's Role in Economic Life

achieve action Adam Smith administrative agencies agricultural allocation American Economic billion Board broad Chap chapter commerce Committee Company competition concept conflicts Congress Constitution Corporation costs Defense Defense Production Act democracy Department depression dividual Division economic activity economic controls economic decisions economic freedom economic power economic system efficiency ensure enterprise established example executive branch exist expanding expenditures farm Federal government Finance full employment functions fundamental goals government control government economic government regulation impact important income independent regulatory commission individual industrial influence institutions J. M. Keynes labor laissez faire legislation machinery means ment military mixed economy mobilization nomic objectives observed Office operation organization outstanding policy commitments political President pressure groups principle production programs protect public economic policy public interest relationships result Roosevelt society Supreme Court tion trade United V-J Day World War II