You have to understand that taxes are not the rule, but the exception. They are not universal and then repealed, but created out of need. Likely, in a bygone era when people really cared about what the government did, the poor people would have protested to no end a tax on foodstuffs. When a loaf of bread is a nickle, you really don't want even a cent's tax. The wealthy, however, wouldn't mind too much a tax on dining out, which of course, would have been a luxury then. It is typically the pattern anywhere to tax the wealthy most.
what is the difference between reasonable profits and economic profits
The socio-economic aspects of an area strongly affects how a restaurant will perform. Opening a restaurant in an area where the demographic is wrong, or in an area that doesn't have the income to help it thrive can be detrimental to the success of the establishment.
This is an explanation for how wealth or income distribution will be in the future. Some might have the economic hypothesis that the economy will continue to grow.
i think he was born in the 1890s lol
prices decrease
There are different economic goals that correlate with the explanation decisions about how much workers should receive in income. Some of these goals include lifestyle, security and equity.
If Demand is one the increase, it means that people have surplus income to spare. This is good indicator of economic growth.
-Tourism -Trading -Food Restaurant -Fashion Industry etc,,
Supply will decrease and the price will rise greatly.
Maurice Lagueux has written: 'Rationality and explanation in economics' -- subject(s): Reason, Economic aspects of Reason, Economics, Economic aspects, History, Rational expectations (Economic theory)
the infant-industry argument
The four major economic goals that must be achieved by every country is : Price stability Faster economic growth then population Equitable distribution of income and wealth Low unemployment