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17 Cards in this Set
- Front
- Back
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social program
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a program developed by the government for the people
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pension
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a frequent sum of ongoing sum of money sometimes provide by the government to persons who qualify i.e. most senoir citizens
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tax
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a sum of money demanded by the government for its support, specific facilitys or services
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tax evasion
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The act of illegaly avoiding tax
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underground economy
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made up of people that do not report their finances to the government, do not pay taxes
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liberal
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left wing: we not me, social programs, high taxes
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conservative
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right wing: me not we, low taxes personal spending, higher defence budget
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value
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the measure of how hard something is to get or produce
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what percent of tax dollars are spent on social services in canada?
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43%
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Income Tax
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a percentage of your yearly income, paid to the government. Income tax increases in %, the more money you make
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what pecent of the goverment's budget gets spent on the environment
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1%
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planed economy
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economy is run by the government
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market economy
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no government control whatsoever
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mixed economy
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economy with some government control but still has entreprenurship
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what type of economy is canada
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mixed
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private health care
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is payed for privately i.e united states
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public health care
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payed for by taxpayers i.e canada
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