Government As Producer Flashcards
(6 cards)
1
Q
Give 4 eg of public goods and services (4)
A
~ education ~healthcare ~housing ~Infrastructures ~Army ~police force, legal system + jails
2
Q
Give e.g. of free and paid for goods/services (2)
A
FREE: tax funded — army, police force
Paid: water, electricity
3
Q
what is the govrn’s main income source
A
Tax
4
Q
What is tax (2)
A
A compulsory payment to the govrn by an individual/business
On income profit they earn
5
Q
Name and discuss the 3 different types of taxes (6)
A
~income tax: charge on money earned in a household
~ consumption tax: charge on goods/services (VAT)
~ excise tax: charge on luxury goods
6
Q
The govrn employs large nm. Of people in the public sector. What does the govrn do to ensure each person does their job? (1)
A
They buy certain goods from the private sector
