Economics A-Level
Direct taxes
What Direct taxes means in Economics A-Level, as defined for AQA.
Definition of Direct taxes
Check what you remember
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Reference: AQA
Levied directly on the income, wealth, or profits of individuals and firms, and the entity paying bears the entire burden.
Topics that use Direct taxes
- Fiscal policy (AQA A-Level)
Related terms
- Aggregate demand and supply
- Aggregate supply
- Automatic stabilisers
- Budget balance
- Budget deficit
- Budget surplus
- Crowding out
- Economic capacity
Using Direct taxes in the exam
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