Macro3 Essay Example | Topics and Well Written Essays - 1000 words

Macro3 - Essay ExampleThe consumption of education is an example of a consumption of a good that provides a social arrive at that exceeds the private benefit that the student receives. Society benefits from having a skilled labour force which lowers unemployment rates and increases domestic productivity. This benefit exceeds the private benefit a single individual receives from consuming education. As such, those that choose to not consume education may decide not to do so because they leave behind enjoy the benefits of a skilled labour force.Government expenditures on goods and helpers are primarily done because the market system would not efficiently portion resources to produce these goods or services. This could be because consumption of the good or service provides considerable social benefit which the market cannot quantify, or the good or service is non-excludible, meaning that once provided, no one can be excluded from consuming it. Thus inorder to assure optimum provisio n and consumption of the good, government wouldThe great deal is toughened as a separate entity for tax and legal purposes. As such in that respect a number of benefits associated with incorporating a business. In Limited Liability companies, owners of the can are not liable for the corporations debts. In most countries, tax rates facing corporations are lower than those facing private individuals and there and corporations are able to qualify for more tax deductions than private individuals. A corporation can continue to exist beyond its current owners.However, forming a corporation is not a costless task and involves a number of legal requirements. In addition, most countries regulate corporations, forcing them to comply with a number of behavioural practices meant to encourage employees, shareholders and consumers. Conforming to regulation is also