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What is the distinguishes a progressive income tax, from a proportional income tax, or a regressive income tax?
A proportional income tax takes the similar percentage of a person's income, whether they are rich or poor. A progressive income tax takes a larger percentage of income from the rich, whereas a regressive income tax takes a larger percentage from the poor.
the difference between an lc3 and other types of businesses is that
(a) Increase in technology and productivity take effect in the red bull market use and label a graph to explain the result of this change on each of the following (i) Market Pri
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Question: i) Explain the main problems with government intervention. ii) Why and how do governments seek to control monopolies? iii) A country should specialise in the pr
Explainbainlimitpricetheory
Pure Monopoly: Pure monopoly examined the market structure that is generally regarded as the polar opposite of perfect competition – i.e. the monopoly model. Like the perfect
What are the main weaknesses of using demand-side policies? Trade-off issues a) Growth and low unemployment often come with inflation b) Government stimulatory policies m
what are the sources of oligopoly power
what is budget line?show the shift in the budget line
technological advance reduced the cost of computer chips . explain using the demand and supply diagrams , how the the following markkets are affected in terms of price and quantiti
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