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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.
what is the theory of supply
SHOW MATHEMATICAL EXAMPLE
what is Microeconomics?
This involves the characteristics of the production human as well as non human using the product concerned. For example it may pertain to the number and characteristics of children
Adding the economic activities of government to the circular flow model shows that: 1. Government spending creates inflation 2. Government purchases of goods and services,
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An economics branch which keep concentrate on illumination the economic decisions people make in practice, particularly when these conflict with what conventional economic theory p
an emission fee levied against polluting firms will tend to shift the supply/demand curve of the firm/product to the left/right?
GIVE EXAMPLES OF EACH OLIGOPOLY MODELS FROM REAL LIFE
advantage dis advantage of pure monopoly
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