1. Low Standard of Living in Slovakia
The second is based on the amount of money in the total economic circle (money that are printed and used). ... This state means that the money are "frozen". ... This means that there is no money in Slovak economy and, if there are no money, market stagnates. ... If people will have money, the purchase power will increase hand in hand with a living standard and money will start to circulate. ... Mentioned indirect taxes are connected to the consumption, which means that after decreasing taxes people could save more money. ...
- Word Count: 1457
- Approx Pages: 6
- Grade Level: High School