Illustrate the 3rd the government redistributes income
Illustrate the 3rd the government redistributes income?
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To help alleviate poverty the 3rd government redistributes income. It is completed by progressive taxation of income that taxes low down incomes which is proportionately less than high incomes and by transfer payment programs likely redundancy compensation, social security benefits also food stamps, Medicare, aid to low-income families with dependent children, and other programs that provide support for the poor.
Economics as a science:We no longer ask the problem whether economics is an art or a science. Science is a systematized body of knowledge. Merely as physics and chemistry are sciences, econo
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Over the long-run the speculators activities are tend to: (1) decrease the volatility of prices. (2) attract legal attention and result in imprisonment. (3) increase the level and volatility of prices both. (4) yield tremendous profits and raise costs
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