Tax revenue refers to compulsory transfers to the central government for public purposes. Certain compulsory transfers such as fines, penalties, and most social security contributions are excluded. Refunds and corrections of erroneously collected tax revenue are treated as negative…
Gross capital formation (formerly gross domestic investment) consists of outlays on additions to the fixed assets of the economy plus net changes in the level of inventories. Fixed assets include land improvements (fences, ditches, drains, and so on); plant,…
Inflation as measured by the annual growth rate of the GDP implicit deflator shows the rate of price change in the economy as a whole. The GDP implicit deflator is the ratio of GDP in current local currency to…
Affiliate marketers start out sifting through the many affiliate programs and direct merchants to join in a bid to earn money online. This can be quite a daunting task for the new affiliate. The questions arise, ‘should I join affiliate…
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A business system, or standard operating procedure, is a guide that outlines the exact steps that need to be followed to complete a task. While seasoned team members already know how to complete the tasks, and think that documented business…
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