• Amortization

    • Overview Description In simple terms, amortization is the process of accounting for an amount over a given period of time. Tax law refers to amortization as the cost recovery system for intangible properties. Amortization... 

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  • Capital Levy

    • Overview Description A capital levy is a form of taxation applied by the government wherein it takes part of the capital of any business or person, as distinguished from a business or personal income. In other words, it is... 

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  • Keynesian Economics

    • Keynesian economics can also be referred to as Keynesianism and Keynesian Theory. It is an economic theory known by the name of the British economist John Maynard Keynes who established it to explain the Great Depression.... 

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  • Disposal Tax Effect

    • Descriptive Overview Disposal tax effect as a finance phrase, traces its origin from engineering economics whereby it can be depicted as a situation of tax savings or additional taxes ensuing from disposing off the last item... 

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  • MicroEconomics

    • Microeconomics can be defined in a number of different ways: “Microeconomics deals with the decision making and market results of consumers and firms.” “Microeconomics is the study of the economic behavior... 

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  • MacroEconomics

    • This is a branch of economics which considers the performance of economy as a whole. It is concerned with aggregates like national income, national consumption and investment. It studies the national economy and determines... 

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  • Basic Income

    • A Basic income is a proposed system of social security, whereby an income is unconditionally granted to all citizens without any prerequisites. The income is a sum of money that is sufficient to live on and is provided to... 

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  • Comprehensive Income

    • Comprehensive Income is typically defined as the change in the net assets of a company that are not caused by the actions of the owner, or owners of the company. In the Financial Accounting Standards Board, or FASB, Comprehensive... 

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  • Net Income

    • A company’s total earning is called Net Income. Once all the cost of doing business, depreciation, interest, taxes and other expenses are adjusted against revenues, the amount you get is the company’s net income. Net... 

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  • Income Redistribution

    • Income redistribution refers to transfer of income, wealth or property from some individuals to others. There are many arguments that support the redistribution of income. The most important arguments are as follows: First... 

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