Producers to supply more & consumers to buy less
Answer:
The Archer Daniels Midland Company is an enormous conglomerate that grows and produces many food products. It is sometimes called the "supermarket to the world." The company has given large donations to politicians. If these donations affect policies regarding the environment or agricultural price supports, then these financial gifts are an example of rent seeking.
Explanation:
Rent seeking can be defined as an attempt of increasing profits without the contribution of productivity. In the corporate world, it involves the use of financial donations and bribes to politicians so that the politicians can manipulate the policies in their favor. It usually involves unjust favor to a business that has an interest in government-funded social services and programs. This concept was made popular in 1974 and generally meant the accumulation of wealth through shrewd means.
This concept was idealized by Adam Smith who defined rent as one of the sources of income. He stipulated that there are three major sources of income, namely; rent, wages and profit. He defined profit as the creation of more capital by risking capital. Wages were earned income, usually from employment. Rent is the utilization of resources to earn interest. Entities that have resources can sell, rent or lease to earn interest. Rent is usually the least riskiest way of earning income, thus it gained popularity tom mean receiving more benefits as compared to the associated costs.
In our case, Archer Daniels Midland Company utilizes it's access to capital to offer large donations to politicians with the aim of using the donations to manipulate policies regarding the environment or agricultural price supports in their favor.
Municipal tax is also known as the property tax or house tax. The state collects taxes from a variety of sources, including inheritance taxes, natural resource forfeiture taxes, and gambling taxes, but the majority of its revenue comes from two sources: income taxes and sales taxes.
A good tax system must meet its five basic requirements: fairness, adequacy, simplicity, transparency, and manageability. Opinions differ on what constitutes a good tax system, but the general consensus is that these five elements should be maximized.
There are two types of taxes direct taxes and indirect taxes. Both tax implementations are different. Some are paid directly, such as damage income tax, corporate tax, and property tax, while others are paid indirectly, such as consumption tax, service tax, and value-added tax.
Learn more about Municipal tax here:
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Answer:
kung among bukang bibig, ziyang laman ng dibdib
I do believe this statement to be true
