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Unformatted text preview: This principle of incentive demonstrated in laws made by the governments. The laws meant to provide incentives to people. Some laws are there to instill a strict penalty for failure to do things a specific way. The control of taxation and spending meant to exert influence on markets. I can now understand the government polices and political wrangling better because of studying the Principles of Economics. We are answering under the governments tutelage to a much larger picture. I will continue to make use of these principles in my own small way to allow myself to keep my eye on the bigger picture. I can see the benefit analysis in a completely new light and hope that it will influence my decision on making processes in a positive way....
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This note was uploaded on 03/05/2011 for the course XECO 212 taught by Professor Cohen during the Spring '10 term at University of Phoenix.
- Spring '10