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What Means and Strategies Do the States and Communities Use

question 79

Essay

What means and strategies do the states and communities use to compete with each other for federal dollars? Under what circumstances might the states and localities not want to receive federal aid?


Definitions:

Liquidation

The process of winding up a company's operations, selling off its assets to pay creditors and distributing any remaining assets to its shareholders.

Partnership

A lawfully organized business effort where partners distribute management tasks and the earnings.

Winding-Up Process

The formal procedure of liquidating a company's assets, settling liabilities, and distributing any remaining assets to shareholders or creditors.

Capital Account

An account on a nation's balance of payments that records transactions involving the purchase and sale of assets, such as property and stocks.

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