43% of the u.s. federal government's recipts come from individual income taxes
US vs. Nixon was the Supreme Court case that was focused around whether or not Nixon would be forced to release tape recordings and other evidence to federal courts.
In a unanimous decision, the court ruled he must disclose these documents. Essentially, this court ruled that just like other citizens, Nixon is not above the law. When any individual is subpoena for records they must provide them, including the president.
<span>Warren Buffet's Berkshire Hathaway, Apple and banks are a few examples. For owner-operated businesses, the holding company structure also offers key advantages over holding assets and operations in a single company. At its simplest, a holding company owns all of the shares or units of one or more subsidiaries.</span><span>Nov 8, 2013</span>
The intersection between the supply curve (an upward sloping function) and the demand curve (a downwardsloping function) determines the equilibrium point of a market. The equilibrium is the point which represents the exact market price and quantity demanded/supplied at which the wishes of consumers and suppliers meet.
<u>When the market is not in the equilibrium point</u>, two different situations could be happening:
- Excess demand: this is a situation in which the market price is located below the equilibrium price. The quantity demanded at that market price would exceed the amount that the producers are willing to produce and supply at that same price. Therefore, not all consumers are able to obtain the product they desire and there is rationing.
- Excess supply: at a certain price located above the equilibrium, the quantity that suppliers are willing to produce exceeds the amount demanded by consumers at that more expensive price. Therefore, suppliers would not be able to sell their whole production in the market.
