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Q. Explain Fixed Capital and Flat-Rate Tax?
Fixed Capital: Realcapital which is installed permanently in a specific location, including infrastructure, buildings and major equipment and machinery.
Flat-Rate Tax: a form of income tax in which each taxpayer pays the same rate of tax on their personal income, regardless of their income level. It differs from a progressive tax, in that higher-income individuals pay a higher rate of tax.
As a consumer increases the consumption of any one commodity, marginal utility of the variable commodity must eventually decline."Illustrate the statement. Illustrate law of dem
National income accounting: Final Goods: Final goods are goods and services which are being purchased for final use and not for resale or further processing or manufacturing
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