Give Two Exceptions That the States Have Developed,deviating from the Strict

question 79

Essay

Give two exceptions that the states have developed,deviating from the strict three-factor apportionment formula for business income.

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Definitions:

Output

The total amount of goods and services produced by an individual, firm, industry, or economy within a certain period.

Price

The amount of money exchanged for a unit of a good or service.

Short Run

This refers to a period in which at least one input or resource is fixed, while others can be varied to adjust output.

Minimizing Losses

A strategy or approach adopted by businesses or individuals aiming to reduce the amount of money lost in operations or investments.