Government Market: Definition & Overview


Choose an answer and hit 'next'. You will receive your score and answers at the end.

question 1 of 3

What's the defining characteristic of a government market?

Create Your Account To Take This Quiz

As a member, you'll also get unlimited access to over 79,000 lessons in math, English, science, history, and more. Plus, get practice tests, quizzes, and personalized coaching to help you succeed.

Try it risk-free
Try it risk-free for 30 days. Cancel anytime
Already registered? Log in here for access

1. What is the name for the process of the government obtaining goods and services from businesses?

2. What are two ways the federal government may award a contract?

Create your account to access this entire worksheet
A Premium account gives you access to all lesson, practice exams, quizzes & worksheets
Access to all video lessons
Quizzes, practice exams & worksheets
Certificate of Completion
Access to instructors
Create an account to get started Create Account

About This Quiz & Worksheet

This quiz and corresponding worksheet will help you gauge your understanding of a government market. Topics you'll need to know to pass the quiz include the defining characteristics of a government market.

Quiz & Worksheet Goals

Use this printable worksheet and quiz to review:

  • Defining characteristics of a government market
  • The process of the government obtaining goods and services
  • Two ways the federal government awards a contract
  • Types of government contracts
  • Court that handles most lawsuits

Skills Practiced

This worksheet and quiz will let you practice the following skills:

  • Knowledge application - use your knowledge to answer questions about government markets
  • Interpreting information - verify you can read information regarding types of government contracts
  • Reading comprehension - ensure that you draw the most important information from the related government market lesson

Additional Learning

To learn more about the markets involving the government, review the corresponding lesson on Government Market. This lesson will help you:

  • Define what a government market is
  • Describe the growing trend of government markets in the past few decades
  • Understand the government procurement process
  • Know the different types of contracts used by the government
  • Learn about the Contracts Disputes Act of 1978