The Laffer curve‚ named after the economist Arthur Laffer‚ is a curve that demonstrates the trade-off between tax-rates and tax-revenues (Wanniski 1978). It is used to illustrate the concept of taxable income elasticity‚ the idea that a government can maximise the revenue by setting the tax rates at an optimum point. This curve can be traced back as far as 1844 to a French economist Jules Dupit who in 1844 found similar effects as Laffer did (Laffer 2004). Dupit also saw tax revenues rising from
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room with twenty strangers who seem to know one another pretty well. She plans to attend a few more of the club meetings before deciding to actually join it. Now in order for Ellie to make friends she should have some plans. One possibility for helping make friends would be mneumonic devices. A mnemonic device is a technique a person can use to help them improve their ability to remember something. In this case it could be remember names of the twenty strangers she just met. She could think up things
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applied to secondary and tertiary crushing of various ores and medium-hard materials in railway‚ highway‚ energy‚ cement‚ chemical industry construction etc. There are many factors affecting the production capacity of the impact crusher‚ generally speaking‚ there are five factors‚ in the following we will described these five factors and propose appropriate solutions. 1‚ the material hardness: the harder the material system of sand is more difficult‚ but the more serious wear and tear on the equipment
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of the production possibilities frontier is defined as a representation of a point at which an economy is most efficiently producing the nation’s goods and services and therefore allocating all its resource in the best way possible. If the economy is not producing at the amount of estimated quantities that are indicated by the production possibility frontier that means the resource are being managed inefficiently and the production of the economy will start to slow down. With the production possibility
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applicability of Herzberg’s two-factor theory in the Zimbabwean business environment as a performance enhancing motivational strategy. Do you see a parallel with other developing country markets? Guide: Literature review is the basis of any academic piece of work. What is Herzberg’s two factor theory? What are its special provisions? Can it stand alone as a motivational strategy? Substantiation of given views. Answer In 1968‚ Herzberg’s two factor theory suggested that
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FACTORS AFFECTING THE PRODUCTION OF RICE IN MALAYSIA We would like to point out the factors affecting the production of rice in our country. Climate and the nature of soil‚ insect-pest and weed management‚ land areas‚ infrastructure‚ technologies and mechanization‚ dependency on other rice producers‚ investment and collaboration with international organization are the major factors that affect the rice productivity in Malaysia. In temperate and tropical climate areas‚ rice is grown mostly under
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“demand curve”. (b) Assess what information may be helpful to the strategic marketer in order to determine demand. (c) Discuss the factors that may create a fluctuation in demand. The demand curve is the graph depicting the relationship between the price of a certain commodity and the amount of it that consumers are willing and able to purchase at that given price. It is a graphic representation of a demand schedule. The demand curve for all consumers together follows from the demand curve of every
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The Bathtub Curve and Product Failure Behavior Part One - The Bathtub Curve‚ Infant Mortality and Burn-in by Dennis J. Wilkins Retired Hewlett-Packard Senior Reliability Specialist‚ currently a ReliaSoft Reliability Field Consultant This paper is adapted with permission from work done while at Hewlett-Packard. Reliability specialists often describe the lifetime of a population of products using a graphical representation called the bathtub curve. The bathtub curve consists of three periods: an
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10 Money Market and the LM Curve MACROECONOMICS Macroeconomics Prof. N. Gregory MankiwRudra SensarmaKozhikode Indian Institute of Management www rudrasensarma info www.rudrasensarma.info ® PowerPoint Slides by Ron Cronovich © 2013 Worth Publishers‚ all rights reserved Learning objectives & outcomes • Money Market & the LM Curve – Real Money‚ Real Income & Interest Rate y‚ – Deriving the LM Curve – Monetary Policy & the LM Curve 2 Financial Markets (Money Market) and the LM
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1.0 INTRODUCTION Motivation is an important driver in an organisation and is crucial to the management of intellectual capital. Motivation underlies what employees choose to do (quality and/or quantity)‚ how much effort they will put into accomplishing the task‚ and how long they will work in order to accomplish it. Employees who are motivated will work more effectively and efficiently and shape an organisation’s behavior. A motivated workforce will have a strong effect on an organisation’s bottom
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