Quiz 2

allows the government to break up companies with control of a market; prevents monopolies

promotes fair competition; prevents false/deceptive advertising

removal or relaxation of the rules affecting businesses within certain industries

high startup costs or other obstacles which may prevent new competitors from entering an area of business

created to protect the natural environment in which we live; stresses clean air, land and water; creates laws to prevent businesses from harming the environment

percentage of total income deducted from a paycheck; graduated tax

more money made, the higher percentage of taxes will need to be paid

federal taxes paid on corporate profits; also imposed by state, local and foreign governments

paid by businesses on land, structures and other property they own

added to the price of goods and services at the time of purchase