3.2 The Components of an Economic System

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3.2.1      Wealth Creation

3.2.2      Consumer Spend

3.2.3      Government Spend

3.2.4      Forms of Taxation

3.2.4.1   Progressive and Regressive Taxation
3.2.4.2   Visibility of Taxation
3.2.4.3   The Impact of Tax on People’s Behaviour
3.2.4.4   Why People Can’t Opt Out of Paying Tax
3.2.4.5   Targeting Tax
3.2.4.6   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

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