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Jean-Baptiste Say: Economist History | ORBITAL AFFAIRS
Jean-Baptiste Say was an 18th century French economist best known today for Say's Law of Markets.
GDP Price Deflator: Definition and Formula | ORBITAL AFFAIRS
The GDP price deflator measures the reduction in the value of all of the goods and services produced in an economy when inflation is...
U.S. Inflation Rate 1929-2023 | ORBITAL AFFAIRS
By looking at the inflation rate each year, you can gain insight into how prices changed and how events around the globe impacted the...
12 Tax-Free Places to Live | ORBITAL AFFAIRS
Many countries or territories don't levy income taxes but use alternate revenues from value-added or corporate taxes.
Entrepreneur Tax Payment | ORBITAL AFFAIRS
Find out what kind of impact tax policy can have on entrepreneurship in the U.S. and why all economic agents have an incentive to...
MPC in Economics: Formula and Explanation | ORBITAL AFFAIRS
Marginal propensity to consume (MPC) is the proportion of a raise that is spent on the consumption of goods and services, as opposed to...
IRS Functions and Audits: A Brief Overview | ORBITAL AFFAIRS
Even the most enlightened citizen curses taxes, possibly while simultaneously acknowledging that they're the price of a civilized society.