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Chapter 19 - Coggle Diagram
Chapter 19
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Taxation
Indirect
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e.g. car tax, VAT, petrol
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other taxes
insurance tax, flight duty, stamp duty and capital gains tax
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Inflation
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bad because...
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reduces investment as companies want to locate in countries where price of labour and raw materials are lowest
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The Multiplier Effect
if businesses experience a change in the demand for their products, this will have a knock-on effect on the businesses that supply them
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high level of unemployment is bad for individuals and society because social problems and increase in benefits paid
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