Effects of Taxes on Economy: Economic aspects of taxation have a direct influence on the demand and supply in specific industries, in which the latter are imposed, and on the entire economy at large. Taxes, as described the Lexico Publishing Group (2007), are “sum[s] of money demanded by a government for its support or for […]
Inflation Essay: Inflation is traditionally considered to be a great threat to the stability of the national economy since the rapid changes in the inflation rate can produce a disastrous effect on the economy. This is why it is extremely important to control inflation and prevent any significant deterioration of the situation even in such […]
Luxury goods: Tremors from the global sell off: Consumer spending is the factor known to maintain the American economy. Economists closely watch the consumer-spending rate because they are in constant fear that the consumers’ decision to cut back on luxury, non-essential purchases will hasten the economic slowdown. During the last decade the US economy profited […]
The main characteristics that differentiate services from other products The role of services in the contemporary economy steadily increases. In fact, services constitute the main part of national economies of developed countries and, in the course of time, services become more and more diverse. At the same time, it is necessary to remember that services […]