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STATE AND ECONOMY, Establish and specify the different ways in which the…
STATE AND ECONOMY
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THE STATE ACCOUNTS
ECUADOR has financed its works from three main sources: Sale of oil and fuels, Value Added Tax (VAT) and Income Tax.
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THE STATE AND THE CRISIS
1999 CRISIS
It demonstrated the importance of the State promoting investment to generate development, jobs, strengthen production.
When a CRISIS occurs there are:
- Fewer jobs: unemployment
- There is no money for education
- There is no money for health
- There is no money for housing
- The state has no money to pay its employees
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Establish and specify the different ways in which the State participates in the economy and the effects of participation in society.
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