Augustina

Say’s Law of Markets Theory and Implications Explained.

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The Say’s Law of Markets is a theory that was put forward by French economist Jean-Baptiste Say in the early 1800s. The theory states that the production of goods creates its own demand, and that there is no need for government intervention in the market in order to promote economic growth. The theory has been … Read more

What Is a Tax Anticipation Note (TAN)?

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A Tax Anticipation Note (TAN) is a short-term debt instrument issued by a municipality to finance current operating expenses in anticipation of future tax revenue. TANs are typically issued in the months leading up to the municipality’s fiscal year, and are repaid from tax revenue received during that fiscal year. TANs are similar to Tax … Read more