A report on Tax and Market (economics)

Total revenue from direct and indirect taxes given as share of GDP in 2017
Front view of Stuart Saunders Hogg Market, Kolkata
Pieter Brueghel the Younger, The tax collector's office, 1640
Corn Exchange in London, circa 1809
Substitution effect and income effect with a taxation on y good.
New York Stock Exchange (United States), 1963
Budget's constraint shift after an introduction of a lump sum tax or a general tax on consumption or a proportional income tax.
A market in Râmnicu Vâlcea by Amedeo Preziosi
The Laffer curve. In this case, the critical point is at a tax rate of 70%. Revenue increases until this peak, then it starts decreasing.
Cabbage market by Václav Malý
General government revenue, in % of GDP, from social contributions. For this data, the variance of GDP per capita with purchasing power parity (PPP) is explained in 20% by social contributions revenue.
Wet market in Singapore
Egyptian peasants seized for non-payment of taxes. (Pyramid Age)
Aberdeen (Scotland) fish market.
Public finance revenue from taxes in % of GDP. For this data, the variance of GDP per capita with purchasing power parity (PPP) is explained in 32% by tax revenue.
Fish market in Peru.
Diagram illustrating deadweight costs of taxes
An Afghan market teeming with vendors and shoppers
Monday market in Portovenere, Italy
Wetherby (England) town's market
Gómez Palacio city's municipal market
Used cars market: due to presence of fundamental asymmetrical information between seller and buyer the market equilibrium is not efficient—in the language of economists it is a market failure
A coal power plant in Datteln—emissions trading or cap and trade is a market-based approach used to control pollution by providing economic incentives for achieving reductions in the emissions of pollutants
Perceptual mapping is a diagrammatic technique used by marketers that attempts to visually display the perceptions of customers or potential customers and the position of a product, product line, brand, or company is typically displayed relative to their competition
Works Project Administration poster (1937)
Market bargaining in Dilli Haat (Delhi)
Trade networks are very old and in this picture the blue line shows the trade network of the Radhanites, circa 870 CE
Yongsan Electronics Market in Seoul (South Korea)
Puritans drinking from pewter mugs at the tavern, Massachusetts.
Black market in La Paz
A Kula bracelet from the Trobriand Islands
The Kula ring
French crown jewels in the Louvre exhibition
United States home sales (blue)
Book Sales in the United Kingdom
Size and growth of the legal outsourcing market
Global mobiles applications market size

In economics, a market that runs under laissez-faire policies is called a free market, it is "free" from the government, in the sense that the government makes no attempt to intervene through taxes, subsidies, minimum wages, price ceilings and so on.

- Market (economics)

Libertarian opponents of taxation claim that governmental protection, such as police and defense forces might be replaced by market alternatives such as private defense agencies, arbitration agencies or voluntary contributions.

- Tax
Total revenue from direct and indirect taxes given as share of GDP in 2017

3 related topics with Alpha

Overall

A diagram showing the "effects of price freedom"

Free market

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System in which the prices for goods and services are self-regulated by buyers and sellers negotiating in an open market without market coercions.

System in which the prices for goods and services are self-regulated by buyers and sellers negotiating in an open market without market coercions.

A diagram showing the "effects of price freedom"

The degree of competition in markets and the role of intervention and regulation as well as the scope of state ownership vary across different models of capitalism.

The laissez-faire principle expresses a preference for an absence of non-market pressures on prices and wages such as those from discriminatory government taxes, subsidies, tariffs, regulations, or government-granted monopolies.

Microeconomics analyzes the market mechanisms that enable buyers and sellers to establish relative prices among goods and services. Shown is a marketplace in Delhi.

Microeconomics

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Branch of mainstream economics that studies the behavior of individuals and firms in making decisions regarding the allocation of scarce resources and the interactions among these individuals and firms.

Branch of mainstream economics that studies the behavior of individuals and firms in making decisions regarding the allocation of scarce resources and the interactions among these individuals and firms.

Microeconomics analyzes the market mechanisms that enable buyers and sellers to establish relative prices among goods and services. Shown is a marketplace in Delhi.
The supply and demand model describes how prices vary as a result of a balance between product availability and demand. The graph depicts an increase (that is, right-shift) in demand from D1 to D2 along with the consequent increase in price and quantity required to reach a new equilibrium point on the supply curve (S).
United States Capitol Building: meeting place of the United States Congress, where many tax laws are passed, which directly impact economic welfare. This is studied in the subject of public economics.

Microeconomics also deals with the effects of economic policies (such as changing taxation levels) on microeconomic behavior and thus on the aforementioned aspects of the economy.

Price theory studies competitive equilibrium in markets to yield testable hypotheses that can be rejected.

An advertising poster for a Dutch insurance company from c. undefined 1900–1918 depicts an armored knight

Insurance

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Means of protection from financial loss.

Means of protection from financial loss.

An advertising poster for a Dutch insurance company from c. undefined 1900–1918 depicts an armored knight
Merchants have sought methods to minimize risks since early times. Pictured, Governors of the Wine Merchant's Guild by Ferdinand Bol, c. 1680.
Lloyd's Coffee House was the first organized market for marine insurance.
Leaflet promoting the National Insurance Act 1911.
A wrecked vehicle in Copenhagen
Great Western Hospital, Swindon
Workers' compensation, or employers' liability insurance, is compulsory in some countries
Amicable Society for a Perpetual Assurance Office, Serjeants' Inn, Fleet Street, London, 1801
This tornado damage to an Illinois home would be considered an "Act of God" for insurance purposes
US Airways Flight 1549 was written off after ditching into the Hudson River
Hurricane Katrina caused over $80 billion of storm and flood damage
The demand for terrorism insurance surged after 9/11
The subprime mortgage crisis was the source of many liability insurance losses
High-value horses may be insured under a bloodstock policy
Certificate issued by Republic Fire Insurance Co. of New York c. 1860
9/11 was a major insurance loss, but there were disputes over the World Trade Center's insurance policy

In most countries, life and non-life insurers are subject to different regulatory regimes and different tax and accounting rules.

A broker generally holds contracts with many insurers, thereby allowing the broker to "shop" the market for the best rates and coverage possible.