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What is an economic definition of normal good?
Normal goods are any goods for which demand increases when incomes go up, and for which demand decreases when incomes go down. Normal goods tend to be luxury goods. If incomes go up, more people will be yachts. If incomes go down, fewer people will be yachts.
In a market economy the money incomes of individuals depend primarily upon?
In a market economy, the money incomes of individuals depend primarily upon
What is the growth and decline of the tertiary sector?
They are growing very much.In the past the primary sector had its growth...now it has its declineAfter the Industrial Revolution the Secondary sector had its growth....now declinesAnd now the tertiary sector has its growthwhy?With raising incomes, consumers spend a larger and larger proportion of their incomes nowadays on services such as health, education and financial services.
What is slave economy?
An economy that is based on the incomes derived from slave labor.
Did incomes changed enough to offset the inflation since 2000?
yes
Suppose that US incomes rise relative to British incomes Then?
The dollar will depreciate and the pound will appreciate.
What As the 1920s progressed farm incomes?
As the 1920s progressed, farm incomes began to decline significantly after the initial post-World War I boom. The agricultural sector faced challenges such as overproduction, falling prices, and increased competition from foreign markets. Many farmers struggled with debt and an inability to adapt to the changing economic landscape, leading to widespread financial hardship in rural areas. This decline foreshadowed the difficulties that would deepen during the Great Depression in the 1930s.
Who uses capital budgeting?
capital budgting is a technique used by the management to find out the expected closing cash balance for a particular perod of time by deducting all the estimated expenses from all the estimated incomes for that particular period of time.
What was the Mellon plan?
The Mellon Plan was devised by Andrew Melon. It consists of four major points which are: government efficiency, Federal Estate tax reduction, Tax cuts for low incomes and cut top income tax.
When was Incomes Data Services created?
Incomes Data Services was created in 1966.
What is the relationship between lifestyle and incomes?
The relation ship between lifestyle and incomes are Incomes is the money you earn if you you have to much it si hard to keep track of it.
What a boom phase in a capitalist economy?
Employment, profits, and incomes are high.Employment, profits, and incomes are low
Why are Americans taxed in proportion to their incomes?
The ability-to-pay principle of taxation states that people with higher incomes have a greater ability to pay taxes than people with lower incomes.
What did the union government tax in order to help meet the cost of war?
Individual's Incomes
What reflects a boom phase in capitalist economy?
Employment, profits, and incomes are high.Employment, profits, and incomes are low
Can two people get a loan using both incomes?
IF they want to be co-borrowers they can use both incomes to purchase.
Can you lose your food stamps by getting married?
It depends on How much both incomes equal, if there are two incomes.
