RMI-2302 Lecture Notes - Lecture 5: Long-Range Planning, Root Mean Square, Sole Proprietorship
26 Oct 2016
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Risk in business and society - notes 5. To understand how/why/what type of decisions government entities make, you need to understand the government"s role in society. While we look at the role of local, state and the us federal governments, it is important to remember that the roles played by governments in other countries may be vastly different. Us economy has about 113 million households. Households consist of one or more persons occupying a housing unit and are both the ultimate suppliers of all economic resources and the major spenders of economy. Indicates how the nation"s earned income is apportioned among wages rents, interests, and pro ts according to the function performed by the income receiver. Indicates how the nation"s money income is divided among individual households. Households dispose of their income in the following ways: personal taxes, personal saving, personal consumption expenditures. Portion of income that is not paid in taxes or used to purchase consumer goods but instead.
