Understanding Business, 10th Edition

Published by McGraw-Hill Education
ISBN 10: 007352459X
ISBN 13: 978-0-07352-459-7

Chapter 2 - Understanding Economics and How It Affects Business - Developing Workplace Skills - Page 55: 3

Answer

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Business taxes always involve trade offs. On one hand, if taxes are increased, then the business will have less money to invest, decreasing the economy, but the government will have more money for social services. In contrast, decreasing taxes allows businesses to invest and thus expand the economy.
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