Important source of revenue and major type of expenditure
What is the most important source of revenue and the major type of expenditure at the Federal level?
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At the Federal level, the most important source of revenue is the personal income tax. The main expenditure is for income security.
“Prices are the automatic regulator that tends to keep production and consumption in line with each other.” Explain.
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Elucidate: Competition and the “Invisible Hand”?
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