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Q: What are the effects of given public sector fiscal operations and policies upon economic incentives and capacities to perform the basic economic functions of working?
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What are the Functions of economic system?

The four functions of economic systems; Production, Allocation, Distribution and Regeneration.


What are the functions economic system?

The four functions of economic systems; Production, Allocation, Distribution and Regeneration.


Who are the five pillars?

private property Price system Competition Entrepreneurship Economic incentives


Governments and businesses use incentives to?

convince people to make certain economic decisions.


How does this socio-economic issue influence business operations?

Socio-economic issues influence business operations in the sense that they direct what direction businesses take in their marketing efforts and operations.


Why do cities hold great potentials as engines of economic growth?

Cities are engines of economic growth because they have the ability to offer incentives to businesses so that they will build and develop in the city to provide jobs. A city is run by the people who elect officials to represent them. Offering incentives to people is also a good idea for economic growth.


What did the economic recovery tax act of 1981 do?

It was an act "to amend the Internal Revenue Code of 1954 to encourage economic growth through reductions in individual income tax rates, the expensing of depreciable property, incentives for small businesses, and incentives for savings, and for other purposes".


What did the Economic Recovery Tax offer?

It offered incentives to companies that invested in the modernization and expansion of production facilities


How many core economic principles are there?

There are six core economic principles: 1: The people choose 2: All choices involve costs 3: People respond to incentives in predictable ways 4: Economic systems influence individual choices and incentives 5: Voluntary trade creates wealth 6: The consequences of choices lie in the future.


What are the functions of credit?

economic,social and managerial


What is full form of NIEO?

National Institude of Economic operations


What is the economic region in Mexico where maquiladoras are located?

The northern region, taking advantage of tax incentives and closeness to the US-Mexico border.