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DOUBLE TAXATION: The payment of income taxes on corporate profits twice, once when it is received by a corporation as profit and second when it is received by shareholders as dividends. Double taxation has been thorn in the side of those who own a lot of corporate stock and thus receive a lot of stock dividends. It is also problem in standard corporations (C corporations) which as given rise to a newer legal type of firm, S corporation, which is not subject to double taxation.
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PERFECT COMPETITION, MARGINAL ANALYSIS A perfectly competitive firm produces the profit-maximizing quantity of output that equates marginal revenue and marginal cost. This marginal approach is one of three methods that used to determine the profit-maximizing quantity of output. The other two methods involve the direct analysis of economic profit or a comparison of total revenue and total cost.
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Post WWI induced hyperinflation in German in the early 1900s raised prices by 726 million times from 1918 to 1923.
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"The tragedy of life is not so much what men suffer, but rather what they miss. " -- Thomas Carlyle, Historian
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KCBT
Kansas City Board of Trade
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