By “inflation is like taxation without legislation” Morgan Friedman meant like inflation gets new money into economy and raises revenue, does not mean that it is a part of the legislation.
<u>Explanation:</u>
Inflation means rise in the prices of the goods and services of the economy at a continuous rate. With the increase in the prices, the revenue of the government also increases and new money also comes in to the economy, just like tax is a source of revenue for the government. But this does not mean that inflation is a part of the legislation or a part of the law, like the taxes are a part of the legislation.
Yes it did.
Explanation:
- Some kind of industrialization, started at the end of the 19th century and triggered mainly by foreign capital, enabled the emergence of the middle and working class in major Russian urban centers, e.g. St. Petersburg and Moscow.
- In such circumstances, a small layer of Russian intellectuals will emerge, attacking Russian traditionally society and archaic power, and will seek revolutionary change.
- Of course the authorities will pursue them with all their might, so most of them will seek salvation in emigration in the West.
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Answer:
because If you’re depressed about all the money you’ve lost in the stock market, learn to profit from chaos
Explanation:
Answer:
The Mughal (or Mogul) Empire ruled most of India and Pakistan in the 16th and 17th centuries. It consolidated Islam in South Asia, and spread Muslim (and particularly Persian) arts and culture as well as the faith.
