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How does the government's power to lay and collect taxes summarize its authority in fiscal matters?
The government's power to levy and collect taxes reflects its authority in managing financial matters. This authority allows the government to raise revenue to fund public services and programs, regulate economic activity, and address national priorities.
Why is business consider a lawful economic activity?
business is considered as a lawful economic activity because it is highly and legally recognized by the government. The government gives authority to the firms in using or utilizing economic resources like land, soil and many more in order to produce something that are useful and can be needed for survival.
Does the federal govenment's authority to govern economic matters flow from the commerce clause?
It is true that the national government's power to govern economic affairs stems from the Commerce Clause. The clause is found in Article I of the U.S. Constitution.
What do you mean economic planing?
Planing means "the direction of production activity by a central authority".
Actions taken by the federal government which influence economic activity are know as?
The economic actions taken by government are known as fiscal policy.
Government payments to protect or encourage economic activity?
Subsidy
What is a government payment to encourage or protect an economic activity?
Subsidy
Does the Constitution of the US include a full description of the role of the government in THE economic system?
The US constitution says very little about the role of the government in the economic system, and certainly does not include a full description of that role.
How does the federal government regulate interstate commerce?
The federal government regulates interstate commerce through the Commerce Clause of the U.S. Constitution, which gives Congress the power to regulate trade and economic activity between states. This authority allows Congress to pass laws that impact businesses operating across state lines, such as setting standards for products, regulating transportation, and overseeing competition.
In a global economy governments have less control over economic activity?
yes in a global economy government has less control over economic activity
What actions can the government exercise to influence economic activity?
The government can influence the economic activity by increasing the amount of money in the economy. Some example have been stimulus checks and amended tax rates, that have happened in the past.
What is economic meltdown?
It is the going down on the rate of economic activity of a country. It basically refers to increase in borrowings by government.
