Government help for businesses, and social services
Governments help businesses grow by lending capital, training workers, sharing research and giving subsidies and grants. They also provide social services such as health care, education, national insurance and roads. Paper 1 asks what a subsidy is and why governments give one almost every year.
By the end of this page you can
- Describe four ways government helps businesses
- Explain what a subsidy is and why governments give one
- Name the social services government provides
- Spot what is NOT government assistance or a social service
Goals tick themselves off as you try the activities below.
Photo: Famartin, CC BY-SA 4.0, via Wikimedia Commons. Cropped (a college sign and a company name cropped off), labels on the paver blurred, resized, JPEG q72.
Good roads are a social service, and every business uses them to move goods and staff.
How often it shows up in past papers
Paper 1 counts come from our past-paper bank of CSEC Principles of Business Paper 1s. The last-5 row shows how often it came up in the five most recent papers.
Inside this topic
- Help for businessesLocked
- Social servicesLocked
- Key termsLocked
- Test yourselfmarkedLocked
- Practise for real · 18 past questionsLocked