It is quite agreeable to a high extent that people living in the 21st century have a better life quality than people who lived in previous times.
<h3>What is the significance of life in 21st century?</h3>
The quality of life in the 21st century is quite better than that in the previous times. This can be stated because the infrastructure has improved a lot in addition to the technological advancements and age of computer that has improved the accessibility and mobility.
Therefore, the significance regarding the life in 21st century has been aforementioned.
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Tax return.
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Tax reductions mean that more disposable income is available to people. But the increase in consumption depends on the marginal propensity to consume (MPC). If the MPC is too low, consumers will not consume the additional income made available to them through tax cuts.
The United States have represented form of democracy.
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