41. State whether each of the following payments is a tax. Explain your answers. a. To incorporate his business‚ Alex pays the state of Texas a $2‚000 incorporation fee. The incorporation fee is not a tax. Alex receives a direct benefit from the payment of the fee - the privilege of operating his business as a corporation b. The city paves a road and assesses each property owner on the road $4‚000 for his or her share of the cost. The payment of the assessment is not a tax. The assessment
Premium Taxation in the United States Taxation Progressive tax
International Journal of Statistics and Probability; Vol. 1‚ No. 2; 2012 ISSN 1927-7032 E-ISSN 1927-7040 Published by Canadian Center of Science and Education The Efficient Market Hypothesis: Empirical Evidence Martin Sewell1 1 Faculty of Economics‚ University of Cambridge‚ Cambridge‚ United Kingdom Correspondence: Martin Sewell‚ Faculty of Economics‚ University of Cambridge‚ Sidgwick Avenue‚ Cambridge CB3 9DD‚ United Kingdom. Tel: 44-797-414-5461. E-mail: mvs25@cam.ac.uk Received: June
Premium Stock market Stock market index
Characteristics of market economy The Resources Needed to Create Wealth What is needed to create wealth? Within the marketplace‚ there are many resources that go into the production (input) of goods and services. These resources can be grouped into four categories. These categories are land‚ labor‚ capital‚ and entrepreneurial ability. The land category consists of not just land‚ but all natural resources‚ water and air. Labor is all the work that is performed by man. Capital is industrial
Premium Supply and demand
stronger government and new innovations‚ the Market Revolution was born‚ thus causing the United States economy to boom. Market revolution was an important process that drastically changed the economy of the United States during the 19th century. On the same hand‚ it also affected the society and certainly was the cause of the Second Great Awakening‚ the changes in ideas about gender and the creation of the new middle class during this era. During the Market Revolution‚ many Americans changed from producing
Premium Industrial Revolution United States United Kingdom
mechanism determines price in this economy. ... There is no real life example of a purely free market economy‚ this only exists in ... Advantages And Disadvantages Of Free Market ... - Free Essays www.allfreeessays.com/...advantages-and-disadvantages-of-free-market... Advantages And Disadvantages Of Free Market Economy‚ price Determination With Market Forces. And Government Intervention With Free Market Equilibrium ... Advantages & Disadvantages of Market Forces Determining Prices .
Premium Free market Market economy Capitalism
Different types of markets A monopoly is a type of market in which there is only one producer or seller for a product. Therefore‚ the only activity is the business. It is quite hard and limited to gain access to this type of industry because usually‚ one entity has all the rights on a natural resource. Also‚ this type of market can be limited because of the high cost of material‚ or simply because of political‚ social or economical issues. Therefore‚ a monopoly controls all the good or services
Premium Monopoly Competition law Competition
The major difference between a command economy and a market economy is that a command economy is told what to do by the government. A market economy does things for the people‚ the people decide what they want. The command economy is told what to produce‚ who to produce to‚ and how to produce by the government. The market economy is told is told what to produce‚ who to produce to‚ and how to produce by the people. I think that profit is the best one because you will still have money left over after
Premium Economics Management Marketing
How Does the Stock Market Affect the Economy? This article examines how the stock prices affect the GDP. “According to the Federal Reserve Board’s model‚ a 20 percent decline in stock prices lower the GDP by about 1.25% after one year.” For only one year‚ we can conclude that yes‚ the stock market in some ways does effect the economy. Many economists agree that stock market affects the economy‚ while there are still others that think there are many other influences that affect the economy and not
Premium Economics Stock market Investment
<b>Abstract</b> <br>According to the Efficient Market Theory‚ it should be extremely difficult for an investor to develop a "system" that consistently selects stocks that exhibit higher than normal returns over a period of time. It should also not be possible for a company to "cook the books" to misrepresent the value of stocks and bonds. An analysis of current literature‚ however‚ indicates that companies can and do "beat the system" and manipulate information to make stocks appear to perform above
Premium Stock market Financial markets Stock
The Market Revolution would be described as the growth of cities‚specialization on the farms‚industrialization‚and the development of modern capitalism which ended self-sufficient households and a growing interdependence of people. The revolution took place during the 19th century and sparked economic growth.It was a shift away from local or regional markets to national markets. Although the market revolution developed a fast changing economy that presented challenges and problems‚ the economies grew
Premium Industrial Revolution United Kingdom Factory