Economics… Economics Terms Series Part 4 – Types of Taxes, Types of Rates, Boom, Recession, Recovery, Growth 1 May 20203 May 2020 PERSONAL INCOME TAX A direct tax on a person’s earnings or income. CORPORATE INCOME TAX A tax on company profits. DIRECT TAX A tax levied on the incomes or wealth…
Business… Business Cycles – Phases of Business Cycles 25 Apr 20202 May 2020 According to Parkin and Bade - “The business cycle is the periodic but irregular up-and-down movements in economic activity measured by fluctuations in real GDP and other macroeconomic variables. A…
