3.2 The Components of an Economic System

3.2.1      Wealth Creation

3.2.2      Consumer Spend

3.2.3      Government Spend

3.2.4      Forms of Taxation   Progressive and Regressive Taxation   Visibility of Taxation   The Impact of Tax on People’s Behaviour   Why People Can’t Opt Out of Paying Tax   Targeting Tax   Constraints on the Amount of Tax that can be Levied

3.2.5      Labour: Population, Training and Employment

3.2.6      Supplies: Materials, Goods and Services

3.2.7      The Financial System

3.2.8      Facilities, Infrastructure and Research