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Explain How Pensions for Soldiers,subsidies for Shipbuilders and Operators,subsidies and Land

question 15

Essay

Explain how pensions for soldiers,subsidies for shipbuilders and operators,subsidies and land ?grants to railroads,and tariffs to protect some industries from foreign competition illustrate the ?power of well organized special interest groups.Discuss the secondary economic effects of these efforts on the unorganized collective majority.


Definitions:

Accounts Receivable

Money owed to a company by its customers for goods or services that have been delivered or used but not yet paid for.

Inventories

The raw materials, work-in-process products, and finished goods considered part of a business's assets that are ready or will be ready for sale.

Taxes Payable

Liabilities owed to various governmental entities within the current fiscal period.

Bonds Outstanding

The total amount of bonds that are issued by a corporation or government entity and are currently in the hands of investors.

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