Government and Business (LC 2026) (Leaving Cert Business): Flashcards
📚Flashcards
Practise the cards
10 cards from this deck
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Practise the cards
10 cards from this deck
Mixed economy
Mixed economy
Economic system combining govt planning & private enterprise
EPA full form
EPA full form
Environmental Protection Agency
Irish plastic bag levy impact (2002)
Irish plastic bag levy impact (2002)
Reduced plastic bag consumption by over 90%
PAYE stands for
PAYE stands for
Pay As You Earn
Stamp duty
Stamp duty
Tax paid for changing property ownership documents
Fiscal policy
Fiscal policy
Govt method of raising money & prioritising spending
Government bonds
Government bonds
Govt borrows money, promises to repay value plus interest
Current expenditure
Current expenditure
Day-to-day running costs (wages, welfare, transport)
Capital expenditure
Capital expenditure
Money spent on long-term assets (schools, hospitals)
EII tax relief rate
EII tax relief rate
Up to 40% on investments in qualifying companies