HOME

TheInfoList



OR:

Rational economic exchange also called goods exchange economy is an
economic An economy is an area of the Production (economics), production, Distribution (economics), distribution and trade, as well as Consumption (economics), consumption of Goods (economics), goods and Service (economics), services. In general, it is ...
transaction where goods or services are transferred from the provider for a return of relative value (compensation) from the receiver in a manner that advances the economic interests of both parties. Rational economic exchange is implied in voluntary economic transactions between private parties (i.e., regular commerce) where it is assumed that an economic transaction would not occur unless both parties believed they would be better off after the trade. Rational economic exchange can be implied in governmental taxation and spending where the agents of the citizen—government legislators and administrators—implement fiscal policy where tax assessment to the citizen is related, substantially, to an
implied level of government service The implied level of government service is the value of government benefits and services provided a person, partnership, corporation, or other legal entity over a given period of time, including the proportional value of general governmental expen ...
.


See also

*
Implied level of government service The implied level of government service is the value of government benefits and services provided a person, partnership, corporation, or other legal entity over a given period of time, including the proportional value of general governmental expen ...
*
Taxation in the United States The United States, United States of America has separate Federal government of the United States, federal, U.S. state, state, and Local government in the United States, local governments with taxes imposed at each of these levels. Taxes are lev ...
*
Islamic economic jurisprudence Islam (; ar, ۘالِإسلَام, , ) is an Abrahamic religions, Abrahamic Monotheism#Islam, monotheistic religion centred primarily around the Quran, a religious text considered by Muslims to be the direct word of God in Islam, God (or ...


References

*. p. 161-162, 265. Tax reform Political philosophy {{poli-philo-stub