Public Revenue The income of government from all the sources is called Public Revenue. ●Canons of Taxation : Adam Smith’s canon of taxation: 1. Canon of Equality: According to this canon‚ every person have to pay tax according to their ‘ability to pay’. It simply doesn’t mean that all person have to pay equal amount of tax. It simple means‚ if a person is rich i.e.‚ his paying ability is high‚ he will pay high tax whereas if a person is poor‚ i.e. his paying ability is low‚ he will pay less
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Explain‚ and illustrate using graphs‚ whether you think a perfectly competitive industry or a monopoly industry leads to more efficient outcomes for an economy. RESEARCH ESSAY Microeconomics is defined as a study of how economic decisions are made by individuals and groups along with the range of factors affecting those decisions. In relevance to this‚ the analysis of perfect competition and monopoly regarding efficiency is considered one of the most core basis to the understanding of Microeconomics
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purpose of this paper is to provide of different types of market structures as well as pricing and non-pricing strategies used in the various market structures. First‚ the team explores the pure competition market structure through the analysis to Fiji Water Company. Second‚ the oligopoly market structure with L’Oreal Group Cosmetic and Beauty Company. Third‚ explain the monopolistic competition market structure with Campbell’s Soup Company. Last‚ the team explains how Quasar evolves through the
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Market Feasibility Report Of Manildra Ethanol Plant‚ Production & Distribution In the Fiji Islands. [pic] TABLE OF CONTENTS 1) Executive Summary…………………………………………………………………………….P4 2) Introduction……………………………………………………………………………………….P5 3) Manildra the organisation and product capabilities 3.1) Market Power Theory & Government Partnership Benefits………………...P6 3.2) The Sugar Industry & Agricultural Inefficiencies Challenges &
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himani fairever * Export. VICCO has been successfully carving out a niche for itself in the field of dental & skin care globally. The company is exporting its products to countries like U.S.A.‚ Canada‚ Mexico‚ Surinam‚ Africa‚ Mauritius‚ Fiji‚ Saudi Arabia‚ Kuwait‚ U.A.E.‚ Qatar‚ Oman‚ U.K.‚ Germany‚ Holland‚ Italy‚ Cyprus‚ Srilanka‚ Hongkong‚ Singapore‚ Malaysia‚ West Indies‚ Iceland‚ Australia‚ New Zealand‚ and France amongst others. * Characteristics of Vicco Product- * Prices
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MINISTRY OF EDUCATION FIJI SCHOOL LEAVING CERTIFICATE EXAMINATION 2013 ECONOMICS COPYRIGHT: MINISTRY OF EDUCATION‚ FIJI‚ 2013. 2. MINISTRY OF EDUCATION FIJI SCHOOL LEAVING CERTIFICATE EXAMINATION – 2013 EXAMINER’S REPORT ECONOMICS This report contains detailed views‚ observations and recommendations by the 2013 panel of markers. After marking the papers‚ we have identified specific areas of the prescription which were inadequately covered‚ ways in which some questions were misinterpreted and
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A History of the World in 6 Glasses (Questions/Answers) Spirits 1) From which advanced civilization did Europeans get the ‘science’ of how to make spirits? A) The Arabs‚ who first started distilling wine and other substances for their experiments. 2) In what ways was the discovery and use of distillation important to the rebirth of science in Europe? A) Distillation and distilled wine were considered a therapeutic and medicinal miracle. It went hand in hand with the infant science of perfume
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environment. The Fiji National Council of Disabled Persons (FNCDP) uses the United Nations (UN) definition of disability as stated below: “Disability summarizes a great number of different functional limitations occurring in any population in any country of the world. People may be disabled by physical‚ intellectual or sensory impairment‚ medical conditions or mental illness. Such impairments‚ conditions or illnesses may be permanent or transitory in nature”(FNCDP‚ 1994). The Fiji Disabled Peoples
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some ways in which the negative effects of globalization can be controlled. “Education in the 21st century is marked by the vast influence of globalization and the drive for international comparability. In Fiji‚ as in the rest of the Pacific‚ this is no different. Education systems in the Fiji and the Pacific are characteristically informed and influenced by external push and pull factors which are reflective of globalization” (Koya‚ 2002). Globalization has been underway since the dawn of history
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Fijian‚ Indian‚ European‚ Chinese‚ and various cultures from neighboring Pacific islands donate to the Fiji that exists today. From the times of Captain William Bligh in 1789‚ the first settlers‚ shipwrecked sailors and runaway convicts from the penal colony of Australia‚ to the colonization of Fiji by the British in 1874‚ many a custom and tradition has developed. It was not until 1970 that Fiji was independent from the United Kingdom and a constitution drafted in 1997 (Background Note‚ 2010).
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