Buy custom Some commentators have suggested that so-called ?Chelsea Tractors' should be taxed much higher than other vehicles.
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| Topic: |
Business
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| Number of pages / Number of words: |
5 / 1161 |
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Some people buy the more expensive 4x4's to show off their wealth, and buy raising the tax this will up the running cost or price of the vehicle adding to the show of wealth. This could turn the vehicle into a giffen good.
Due to the decrease in demand if the tax is introduced the firm that mainly specialises in 4x4 manufacture, namely Landrover, will be hit hard by the decreased demand for the specialised vehicles...
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This could turn the vehicle into a giffen good.
Due to the decrease in demand if the tax is introduced the firm that mainly specialises in 4x4 manufacture, namely Landrover, will be hit hard by the decreased demand for the specialised vehicles. Firms like Suzuki, Porsche, BMW, and Ford who do not specialise in just the 4x4 production and produce other smaller more economic cars will lose the revenue from the sale of 4x4's but at the same time will pick up revenue by selling the substitute vehicles...
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General points of the essay
Mba 540 - wealth maximization
Shareholder Wealth
Sharing the Wealth
Some commentators have suggested that so-called ?Chelsea Tractors' should be taxed much higher than other vehicles.
The Wealth of Nations
Wealth Maximization
Wealth and Globalization
wealth management
The Higher Price of Higher Education
Wealth and Democracy
the feasibility of adding alternative fuel vehicles to the fleet
What Is Wealth
Poverty vs Wealth
Wealth Disparity
wealth of nations
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