5 How does the UK Government raise and spend money.

1. Benefits to citezens which are payed out of tax revenue (8, 2, 8)
4. A tax on spending, often defined as a tax on goods (8, 5)
5. A tax on the profits of companies (11, 3)
9. A tax which takes a greater proportion of income from lower incomes, higher from higher incomes. (10, 3)

2. A tax on income or wealth (6, 5)
3. When the market (through demand and supply) fails to allocate resources in the best interests of society as a whole. (6, 7)
6. A compulsary payment to the government (3)
7. An impact of an economic transaction on a party who is not directly involved. (Positive or negaetive impact) (13)
8. A tax on the transfer of wealth. (11, 3)
10. A tax on a wide range of goods - payable on all consumer durable goods and many non-durable goods and services (3)

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