Ch 11: Holt McDougal Economics Chapter 3.3: Government & Free Enterprise

About This Chapter

The Government & Free Enterprise chapter of this Holt McDougal Economics Companion Course helps students learn the essential lessons associated with government and free enterprise. Each of these simple and fun video lessons is about five minutes long and is sequenced to align with the Government & Free Enterprise textbook chapter.

How It Works:

  • Identify the lessons in the Holt McDougal Government & Free Enterprise chapter with which you need help.
  • Find the corresponding video lessons with this companion course chapter.
  • Watch fun videos that cover the government and free enterprise topics you need to learn or review.
  • Complete the quizzes to test your understanding.
  • If you need additional help, rewatch the videos until you've mastered the material or submit a question for one of our instructors.

Students will learn:

  • Types of market failure
  • How a public good is defined
  • What the private sector is
  • The government's economic functions
  • Positive and negative externalities
  • The definition for a transfer payment

Holt McDougal is a registered trademark of Houghton Mifflin Harcourt, which is not affiliated with

7 Lessons in Chapter 11: Holt McDougal Economics Chapter 3.3: Government & Free Enterprise
Test your knowledge with a 30-question chapter practice test
Market Failure: Definition, Types, Causes & Examples

1. Market Failure: Definition, Types, Causes & Examples

In this lesson, we will examine the term market failure. We'll look at the types and causes of market failure and then test your new knowledge with a quiz.

Public Good in Economics: Definition, Theory & Examples

2. Public Good in Economics: Definition, Theory & Examples

Have you ever gone to the mall when there was a power outage at your house or gone into a nice cool cafe on a hot day to beat the heat? This lesson defines and discusses the theory of public goods. You will learn what public goods are and how to identify them.

What Is the Private Sector? - Definition & Examples

3. What Is the Private Sector? - Definition & Examples

Americans spend most of their lives interacting with the so-called private sector, but how many of us really know what the private sector is? Learn about the private sector and how it differs from the public sector, and see some examples of each.

What Are the Economic Functions of Government?

4. What Are the Economic Functions of Government?

Find out what the six economic functions of government are in the United States. See some examples in each of the categories and find out how you benefit from them.

Negative Externality: Definition & Example

5. Negative Externality: Definition & Example

In this lesson we will learn about negative externality. We will look at examples and discover who a negative externality affects. The lesson will conclude with a summary and a quiz.

Positive Externality: Definition & Examples

6. Positive Externality: Definition & Examples

In this lesson, we'll explore the marginal benefit to society that occurs with an economic transaction. We'll analyze how positive externality impacts the demand curve and price, then learn how the benefit to a population can be subsidized.

Transfer Payment: Definition & Examples

7. Transfer Payment: Definition & Examples

Governments make a substantial number of transfer payments every year. In this lesson, you'll learn about transfer payments, and you'll be given some examples.

Chapter Practice Exam
Test your knowledge of this chapter with a 30 question practice chapter exam.
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Practice Final Exam
Test your knowledge of the entire course with a 50 question practice final exam.
Not Taken

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Other Chapters

Other chapters within the Holt McDougal Economics - Concepts and Choices: Online Textbook Help course