How do households dispose of their income
How do households dispose of their income?
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1. Federal personal income tax is the major component in Personal taxes of which has increased over the years.
2. The smallest fraction of personal income disposition is Saving.
3. Most of household income goes to consumer spending. There are several categories of spending categories:
a. Durable goods are those with life of three or more years.
b. Nondurable goods include things such as food and clothing.
c. Services are today more than one half of all consumer spending, which demonstrates that ours is a service-oriented economy.
Describe the meaning of the term “invisible hand.”
Business Report Objectives This assessment item relat
The advocates of laissez-faire policies favor: (i) Govt. control of economy. (ii) Public ownership of all the resources. (iii) Income to be distributed according to requirement. (iv) Surpluses in the balance of trade. (v) Minimal govt. intervention in economy.
What are the merits of speciality in the use of human and material resources?
Illustrate several theories about causation?
For the question below, utilize the given information. The market for gizmos is competitive, with an increasing sloping supply curve and a downward sloping demand curve. With no govt. intervention, the equilibrium price is $25 and the equilibrium quantity is 10,000 gi
Distinguish between a change in supply and a change in the quantity supplied?
Elucidate facilitating factors that explain the growth of trade?
Explain how government might manipulate its expenditures and tax revenues to reduce unemployment?
Write down the internal factors which influencing the capital structure?
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