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A government can use a progressive tax system to redistribute income. The way this works is that as income rises, you pay a higher portion of that income in taxes. This is probably the most common way to ...
A country is in a current account deficit when it spends more than it sells, i.e. when the value of its imports is greater than the value of its exports. There are three main ways a country's current acco...
IntroductionDefine mergers: combining of two firms in the same industry in either the same or different points of the production process, resulting in one larger firm.Key points:F...
Identify the policies used to increase growth without increasing inflation. The two types of policies the government can use are demand side and supply side policies. We know we want to increase growth so...
Dynamic efficiency is associated with the productive efficiency of a firm. However, dynamic efficiency is where a firm's super-normal profits are reinvested into technology and research and development to...
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