[Author Name(s),First M. Last, Omit Titles, and Degrees] Economic development changes society in a manner that it becomes more and more difficult for the country to remain in the hands of a single man or a group of powerful elite. The change results to transforming the social and economic framework and then moving towards a changed attitude of the population in general. The primary concern of the countrymen is to achieve a commercial greater status and increase their wealth holdings. This changing scenario leads to people taking to skilled professions; they learn the importance of collective effort ...
Essays on Optimal Tax
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Question a
- Economic growth Economic growth is the aggregate positive change in an economy’s capacity to produce different goods and services. Economic growth is determined by comparing the economy’s productivity between two or more periods. The measure of economic growth can take different forms such as the real and nominal form. The nominal form of measuring economic growth includes inflation. The real terms of economic growth reflect figures that are adjusted for inflation. Economic growth of different nations can be compared using the gross domestic product or the gross national product per capita. - Regressive taxes ...
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