Business Law vocab

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U.S. Court System

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Judicial Branch

Front

Removal of rules in industries

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Deregulation

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Two houses of Congress

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Legislative Branch

Front

Taxes paid by businesses on land and property

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Property Taxes

Front

Branch headed by U.S. President

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Executive Branch

Front

Import taxes to protect U.S. businesses

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Custom Duties

Front

Laws written by legislative branch

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Statutory Law

Front

Low-cost loans and assistance for small businesses

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Small Business Administration

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Designed to control harmful practices; included in price; income for specific purpose

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Excise Taxes

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Added to price at purchase

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Sales Taxes