The creation of material and spiritual goods and services requires resources and factors of production. What does economic theory mean by these categories? The resources of production are a set of material and financial means, natural, social and spiritual forces that can be used in the process of creating goods, services and other values. In […]
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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 […]
Commercial offers (offers) and types of offers
If the initiative to conclude a transaction belongs to the exporter, he can send a commercial offer (offer) to the prospective buyer. An offer is an offer addressed to one or more specific persons that is sufficiently defined and expresses the intention of the person who made the offer to consider himself to have concluded […]