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Fiscal Policy

Description

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

Mind Map by Noah Swanson, updated more than 1 year ago

	Created by Noah Swanson over 9 years ago

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Resource summary

Fiscal Policy

DIRECT TAX
1. Income Tax
  1. An Increase would result in:
    1. Less Wages
      1. Less Spending
        Less Demand
        Less Profit
        Less Jobs
  2. A Decrease would result in:
    1. More Wages
      1. More Spending
        More Demand
        More Sales
        Higher Prices
2. Corporation Tax
  1. An Increase would result in:
    1. Raise Prices
    2. Reduce Profits
      1. Unsatisfied Shareholders
        & Unemployment
  2. A Decrease would result in:
    1. More Profit
      1. Satisfied Shareholders
GOVERNMENT SPENDING
1. Increase
  1. More Jobs
    1. Better Economy
2. Decrease
  1. Less Jobs
    1. Less Spending
      1. Less Demand
        Businesses Aim To Survive
INDIRECT TAX VAT
1. Increase
  1. Increase Prices
    1. Less Demand
      1. Less Sales
        Less Profit
2. Decrease
  1. Increase Prices
    1. More Profit
  2. Lower Prices
    1. More Demand

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