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Advantages
a. It is more equitable. The broader shoulders are asked to carry the heavier burden.
b. It satisfies the canon of productivity as it yields much more than it would under proportional taxation.
c. It satisfies the canon of equity as it brings about an equality of sacrifice among the taxpayers.
d. To some extent it reduces inequalities of wealth distribution.
the table shows gasoline rates in US
Factors determining Elasticity of demand Ease of substitution. Nature of the commodity i.e. whether it is a necessity of life, luxury or addictive. Consumers
Q. Explain about Inventory Economies? Inventory Economies: Role of inventories is to aid the firm in meeting random changes in the output and the input sides of the operations
Kinds of Bargaining arrangements Basically there are three kinds of bargaining arrangements, namely: Open Shop: In an open shop a union represents its members, but doe
The following represents the section headers you should consider for your reasoned document. Each section should have (at least) two research citations to support your work :
A complementary facility for commodity-related shortfalls in export earnings This is the most recent proposal of the Group of 77 at UNCTAD in June 1979. There they requested
How does economic theory contribute to managerial decisions?
Explain factors determining elasticity of demand.
Define Aunifying and omniscient theme Aunifying and omniscient theme found in managerial economics is the attempt to achieve optimal results from business decisions whereas tak
Q.2. On the basis of the analysis of the case above, what is your opinion about legalizing marijuana in Canada ?mum 100 words accepted#
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