Bank loan and its forms

The need for credit is due to the fact that some households and enterprises have temporarily free cash, while others need them. In a market economy, the main suppliers of cash are households (the private sector), and consumers are businesses. Their interaction is carried out through intermediaries: commercial banks, investment companies, insurance companies, brokerage offices, […]

The essence and principles of taxation. Tax system

A powerful impact on the economic dynamics is exerted by the expenditure part of the budget, which in turn depends on the revenue mechanisms of the budget. Taxes form the bulk of the revenue part of the state and local budgets. Hence the priority attention of any state to the formation of the tax system […]