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A stamp duty is a tax that is levied on certain documents in order to make them legally binding. The most common type of stamp duty is on property transactions, where the tax is levied on the transfer of ownership of a property. Stamp duty is also often levied on shares and other financial instruments. … Read more
A status symbol is an object which is used to indicate one’s social or economic status. In some cases, status symbols are also used to indicate one’s political affiliation or religious beliefs. The term “status symbol” can be traced back to the early 1800s, when it was first used in print by French writer Honoré … Read more
In business, a counterpurchase is an agreement between two parties in which each agrees to purchase goods or services from the other. The term is often used in the context of international trade, where one country may agree to purchase goods from another country in exchange for goods or services from that country. What is … Read more
The economic circuit is a simplified representation (and sometimes graphically) in which the physical and monetary relationships that exist between the different agents in the economy of a country are shown. In the circuit, flows of goods, services and money that occur between the different economies of an economy are represented, which are normally: families, … Read more
