Fiscal Policy

Noah Swanson
Mind Map by Noah Swanson, updated more than 1 year ago
Noah Swanson
Created by Noah Swanson about 5 years ago
20
0

Description

A summary of the Fiscal policies included in the Edexcel Business Studies IGCSE

Resource summary

Fiscal Policy
1 DIRECT TAX
1.1 Income Tax
1.1.1 An Increase would result in:
1.1.1.1 Less Wages
1.1.1.1.1 Less Spending
1.1.1.1.1.1 Less Demand
1.1.1.1.1.1.1 Less Profit
1.1.1.1.1.1.1.1 Less Jobs
1.1.2 A Decrease would result in:
1.1.2.1 More Wages
1.1.2.1.1 More Spending
1.1.2.1.1.1 More Demand
1.1.2.1.1.1.1 More Sales
1.1.2.1.1.1.1.1 Higher Prices
1.2 Corporation Tax
1.2.1 An Increase would result in:
1.2.1.1 Raise Prices
1.2.1.2 Reduce Profits
1.2.1.2.1 Unsatisfied Shareholders
1.2.1.2.1.1 & Unemployment
1.2.2 A Decrease would result in:
1.2.2.1 More Profit
1.2.2.1.1 Satisfied Shareholders
2 GOVERNMENT SPENDING
2.1 Increase
2.1.1 More Jobs
2.1.1.1 Better Economy
2.2 Decrease
2.2.1 Less Jobs
2.2.1.1 Less Spending
2.2.1.1.1 Less Demand
2.2.1.1.1.1 Businesses Aim To Survive
3 INDIRECT TAX VAT
3.1 Increase
3.1.1 Increase Prices
3.1.1.1 Less Demand
3.1.1.1.1 Less Sales
3.1.1.1.1.1 Less Profit
3.2 Decrease
3.2.1 Increase Prices
3.2.1.1 More Profit
3.2.2 Lower Prices
3.2.2.1 More Demand
Show full summary Hide full summary

Similar

Profit and Loss Accounts
Stuart Smith
Finance- Break even
cesleviciutek
Finance - Balance sheets
cesleviciutek
Finance sources of Finance
cesleviciutek
Share-based payments
meyer cohn
Impairment of assets
meyer cohn
Revenue from contracts with customers
meyer cohn
Earnings per share (EPS)
meyer cohn
BUSS2 - Finance
Sophie Davis
Forms of Business Ownership Quiz
Noah Swanson
Types and Components of Computer Systems
Jess Peason