TAXATION RATING 6/10 advantages: -Higher price --> less supplied and consumed of demerit goods. Increase in consumer welfare. -Government gains revenue. -Tax receipts can be used to further help with problem e.g. Taxing alcoholic drinks and using the receipts to add funding to the NHS or policing. Disadvantages: -If demand is very income inelastic (e.g. cigarettes) then consumption would not greatly reduce-> potential for black market. If consumption does remain the same then taxation is just
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1.0 Introduction: It is rightly said that finance is the life-blood of business. No Business can be carried on without source of finance. The financial manager is mainly responsible for raising the required finance for the business. There are several sources of Finance and as such the finance has to be raised from the right kind of source. Generally speaking‚ there are two sources of finance as follow: 1) SPONTANEOUS SOURCES: Finance which naturally arises in the course
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Factors that Aided Islamic Civilization Civilization (or civilization) is a sometimes controversial term that has been used in several related ways. Primarily‚ the term has been used to refer to the material and instrumental side of human cultures that are complex in terms of technology‚ science‚ and division of labor. Such civilizations are generally hierarchical and urbanized. In a classical context‚ people were called "civilized" to set them apart from barbarians‚ savages‚ and primitive
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the body of islamic religious law’ which means it is a legal framework within which the public and private aspects of life are regulated; PRINCIPLES OF ISLAMIC BANKING • Prohibits usury‚ the collection and payment of interest‚ also commonly called riba. • The discouragement of the production of goods and services which contradict the islamic value (haram) • The introduction of an islamic tax‚ zakat; • Prohibition of maysir (gambling) BANKING AND ISLAM Although institutional presence of
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Introduction Our topic studies about that the Mainland China visitor affecting Hong Kong tourism industry. For evidence for the most of Mainland people accounted for traveler in Hong Kong. The evidence will be mentioned the profile of them such as states and period by Yip Hiu Yi’s individual report. Lam Chi Longs individual assignment mentioned that spending of Mainland China traveler. According this report‚ we knoew whether they can substantially raise the revenue of Hong Kong. Moreover‚ “Zero-fee"
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Foreign direct investment (FDI) is direct investment into production or business in a country by a company in another country‚ either by buying a company in the target country or by expanding operations of an existing business in that country. Foreign direct investment is done for many reasons including to take advantage of cheaper wages or for special investment privileges such as tax exemptions offered by the country as an incentive to gain tariff-free access to the markets of the country or the
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History Kentucky Fried Chicken was founded by Harland Sanders in 1955. However‚ the idea about KFC’s fried chicken actually goes back to 1930 when Sanders developed a secret recipe for cooking chicken under pressure. Kentucky Fried Chicken‚ is a chain of fast food restaurants based in Louisville‚ Kentucky. Its primary focus is fried chicken but it also offers roasted chicken and chicken in form of wraps‚ salads and sandwiches. Point of view Tony Wang – KFC’s vice president of Southeast Asia Time
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communication for a commercial organisation? 19. Explain the functions of communication. 20. Distinguish between Formal and Informal communication. 21. Explain the advantages and disadvantages of formal and informal communication. 22. Describe the merits and demerits of written communication. 23. Distinguish between Spoken and Written Communication. 24. Explain the main forms of Non-Verbal communication 25. Explain the principles of effective communication. 26. What is “Grapevine”? 27. Explain the following:
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rain‚ the joys of the farmers know no bound. They plough their lands and sow seeds in time. Our farmers can not reap a good harvest if it does not rain in time. Rain water washes away the filth and clears the atmosphere. The rainy seasons has some demerits too. Sometimes it rains heavily for days together. Heave rainfall causes flood. Flood brings about untold sorrow‚ sufferings and miseries. There is water everywhere. Roads become muddy. People can not go out. Different diseases like malaria‚ diarrhea
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price of that certain good (Alain Anderton‚ p.55). A specific tax is a tax that’s amount levied does not change with the value of a good but with the amount or volume of a good purchased (Alain Anderton‚ p74). Cigarettes are demerit goods which yield negative externalities. Demerit goods are goods that are overprovided by the price mechanism and tend to carry greater costs to individuals than they realise because the dangers of such goods are not full understood or appreciated leading to their overconsumption
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