 A set of principles and beliefs that govern an individual’s actions.

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Presentation transcript:

 A set of principles and beliefs that govern an individual’s actions.

 A system of values and principles of conduct that promotes good customs and virtues while condemning bad customs and vices.

 The quality and quantity of goods and services available to people, and the way these goods and services are distributed within a country.

 The overall enjoyment of life and sense of well- being.

 A system that relies on individual citizens to report their income freely and voluntarily, calculate their tax liability correctly, and file a tax return on time, according to rules established by the Internal Revenue Service.