Laws, Public Goods & Externalities

1. Research a law that relates directly to your business and industry.  It can be a national, state or local law.  Briefly explain the law.  Then explain how the law could positively or negatively impact your business and the steps you would take to make sure your business follows the law.
2. Research a public good or service that could potentially benefit your business.  This could be a good/ service that is directed at your industry, small businesses, your employees or your customers.  Explain how your business would capitalize from the government program/ good/ service.  Think creatively. Think entrepreneurially.
3. Describe an externality that your business would create.  Explain what makes it an externality and whether it is a positive or negative externality.  If it is a negative externality, what could your business do to minimize its harm?  If it is a positive externality, how could your business benefit from it?  Think like a marketer.