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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.

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