Macro3 Essay Example | Topics and Well Written Essays - 1000 words

Macro3 - Essay ExampleThe consumption of education is an example of a consumption of a good that provides a social benefit that exceeds the private benefit that the student receives. union benefits from having a skilled labour force which lowers unemployment rates and increases domestic productivity. This benefit exceeds the private benefit a single individual receives from consuming education. As such, those that choose to not consume education may subside not to do so because they will enjoy the benefits of a skilled labour force.Government expenditures on goods and services are primarily done because the merchandise system would not efficiently allocate resources to piddle these goods or services. This could be because consumption of the good or service provides considerable social benefit which the market cannot quantify, or the good or service is non-excludible, meaning that once provided, no one can be excluded from consuming it. Thus inorder to assure optimum provision an d consumption of the good, government wouldThe corporation is treated as a separate entity for tax and legal purposes. As such there a physique of benefits associated with incorporating a business. In Limited Liability companies, owners of the corporation are not liable for the corporations debts. In most countries, tax rates facing corporations are lower than those facing private individuals and there and corporations are able to qualify for more tax deductions than private individuals. A corporation can continue to survive beyond its current owners.However, forming a corporation is not a costless task and involves a number of legal requirements. In addition, most countries regulate corporations, forcing them to comply with a number of behavioural practices meant to protect employees, shareholders and consumers. conformist to regulation is also