Explain how patents have been beneficial for markets

What will be an ideal response?

Patents increase the profitability of inventions, encouraging firms to develop new products and production processes.

Economics

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The Community Charge was a poll tax to fund local government in the United Kingdom, instituted in 1989 by the government of Margaret Thatcher. It replaced the rates that were based on the national rental value of a house

It was a fixed tax per adult resident. Is this tax a proportional, progressive or regressive tax? Explain your answer.

Economics

In 2012, direct government purchases equaled ________ percent of federal outlays

A) 42 B) 71 C) 26 D) 55

Economics