Personal income after taxes

In order to calculate net personal income, the NNP should deduct the sum of all direct and indirect taxes, all corporate income not paid on dividends and withheld as net savings, and then add the amount  of transfer payments – such as Social Security pensions or interest payments on federal government loans. As a result, […]

Content, prerequisites and objectives of regional economic integration

In modern conditions, regional economic integration leads to the establishment of closer economic (and on this basis, political, scientific, cultural) ties between the participating countries. Economic integration completely eliminates or significantly weakens barriers to international migration of goods, services, capital and labour. The following conditions contribute to the creation of integration groupings. The proximity of […]