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Ernst Engel's laws generally have been supported by recent studies.He discovered that as family income rises,the percentage spent on ________ declines and the percentage spent on ________ remains about constant.
Cooperatives
Business organizations owned and operated by a group of individuals for their mutual benefit, where members democratically control the operations and profits are distributed according to each member's contribution.
Legal Taxable Entity
An organization or individual subject to tax laws, with an obligation to file tax returns and pay taxes based on income or transactions.
Shares of Stock
Units of ownership interest in a corporation or financial asset, giving shareholders a claim on part of the company's assets and earnings.
Issuing Stock
The process by which a company distributes shares to investors for the first time, typically to raise capital for expansion or other corporate activities.
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