4-3 Government Regulation and Assistance

Chapter 4

6 cards   |   Total Attempts: 188
  

Cards In This Set

Front Back
Public utility
An organization that supplies a service or product vital to all people
Monopoly
Exists when a business has control of the market for a product or service
Antitrust laws
A government action meant to promote competition and fairness and to avoid monopolies
Revenue
Government income
Income taxes
Taxes levied on the income of individuals
Property tax
Tax based on the value of land and buildings