4.2.3—Taxation
- Syllabus
- 0455–2027–2028
- Objective
- 4.2.3
- Level
- —
4.2.3—Taxation
- reasons for taxation: raising revenue, discouraging consumption of demerit goods, reducing imports, redistributing income, influencing total demand, encouraging environmental sustainability
- examples of the different classifications of tax: progressive, regressive, proportional; direct, indirect
- impact of taxation on consumers, workers, producers/firms, the government and the economy
ConceptIGCSE Economics