THE ROLE OF GOVERNMENT efzg政府efzg作用.pptVIP

THE ROLE OF GOVERNMENT Unnecessary laws or enough laws? GOVERNMENT ROLE a) essential - the economic infrastructure (public transport, telecommunications…) - services (education, health care, social security...) left – wing views b) restricted - defence, the police, the justice system - too much regulation bad for business (inefficiency) - right wing views AREAS OF RESPONSIBILITY Maintenance of a low level of unemployment Price stability (low levels of inflation) High economic growth (GDP) Balance on foreign trade (more exports than imports) Gross Domestic Product GDP goods services produced within a country’s borders GDP = C + G + I + NX C = all private consumption/consumer spending G = government spending I = investment / all the country’s business spending on capital NX = total net exports (total exports minus total imports) More jobs - more money Lower inflation – cheaper production More exports – more money Higher growth – better standard of living Social welfare – health, comfort happiness RB: p: 19 What areas does Galbraith describe as responsibilities of the state? What does G. say about the people who criticise government services? According to G. the market system is not sufficient to guarantee scientific research. Why? /talks/lang/eng/david_cameron.html The leader of Britains Conservative Party says were entering a new era….. Summarize his words. TAXATION (MacKenzie, page 112) THE FUTURE OF TAXATION /video/play/tax-avoidance-vs-tax-evasion#axzz1cI2dsZXm Explain the difference between tax avoidance and tax evasion. _____________________________________________________________________________________________________________________________________________________________________________________________________________________________