Elizabeth & Co.

A weblog for Small Business Consultants and the distributors who serve them. But the developments in Eastern Kentucky counsel the potential for an alternate narrative. Greenup County could point out a revived potential for conventional manufacturing even within the publish-industrial age. Pikeville might point out the potential for “leading edge” know-how to discover a home in small cities. Many small towns could not die at all, as they are rejuvenated by public policies in places like business-hostile California, the place the price of living and value of doing business has increased by such a level in order that even essentially the most superior industries seek different venues.

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For example the general level with a particular instance. Consider a Scottish pensioner taking a visit to London and spending a few of their money in shops on Regent Avenue. They’re going to generate VAT in England and contribute revenues to businesses who make use of people and pay taxes in England. To follow Murphy’s logic we might must allocate a proportion of that VAT and different taxes back to Scotland as a result of the cash to generate these taxes was a value to Scotland – if Scotland didn’t pay the pension, that money would not get spent in London. The absurdity of this argument is apparent – it is technically right but it could be not possible to robustly calculate, it is an impact which occurs in each directions anyway and – and this is the important thing level – it is most certainly not materials┬áto the figures we’re dealing with.

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