A country has a comparative advantage over another country as regards production of goods when that country is able to produce the goods at lower cost.
What is comparative advantage?
In economic , comparative advantage can be regarded as an advantage that a country get over the other when that country can produce at lower cost.
In the law of demand and supply, it is established that consumer will definitely go for product with lower price.
- Countries that usually specialize as regards comparative advantage usually have a gain from trade.
We can conclude that at lower cost of production , a country will have comparative advantage.
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Yes it had been for a while but people choose not to wear them even though there is a pandemic.
The text deals with how India's taxation system should be revised and reformed, to ensure that the most appropriate citizens pay the most necessary taxes that will promote India's infrastructural growth.
Based on this, we can answer the other questions as follows:
- The research is against the increase in income tax exemption limits because it believes that this increases the number of taxpayers as it promotes the economic rise of citizens.
- The text states that the property tax should have its limits extended because it refers to objects that are easy to identify.
<h3>How does research establish this?</h3>
According to the research, current income tax limits allow rich people to pay higher amounts, while poor people are exempt. This allows poor people to optimize the money they have more efficiently, promoting economic growth and becoming income taxpayers in the future. For this reason, income tax limits should not be increased.
However, the research states that property tax limits should be increased, as this type of property is an immovable object, easy to identify, and belongs to people with high social classes. It is possible to tax them fairly, without compromising their economic condition.
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Answer:
File a public interest litigation in court
Speeding tickets, Animal attacks (dog bites, etc), repaying a loan, failure to meet the tos of a contract, etc
