Economics GCSE
Taxation and welfare
What Taxation and welfare means in Economics GCSE, as defined for AQA.
Definition of Taxation and welfare
Check what you remember
Read the wording for your board, then hide it and explain Taxation and welfare in your own words. Rough notes are fine. This is a self-check, with no mark or grade.
Reference: AQA
Progressive taxation takes a larger percentage of income from higher earners, and the revenue funds transfer payments such as welfare benefits for lower-income households.
Topics that use Taxation and welfare
- Distribution of income (AQA GCSE)
Related terms
- Aggregate demand
- Asset accumulation
- Economic inequality
- Equity versus efficiency
- Government intervention
- Incentives and disincentives
- Income inequality
- Labour markets
Using Taxation and welfare in the exam
Check the command word and mark scheme for your exact question. After comparing your explanation with the reference, use the term in an answer on the linked topic. This practice does not predict an exam mark.
Practise Economics questions
Create a free account to answer exam-style questions on this topic and get feedback on your answers.
Start free
All Economics GCSE termsA week of Premium from your first lesson · Then the free plan continues · No card, no charge