ENDEMIC: Definitions for Related Terms

By Staff Reporters

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Endemic: A constant presence and/or usual prevalence of a disease or infection, such as the Corona virus, within a geographic area. (Hyperendemic is a situation in which there are persistent high levels of disease occurrence.)

MORE: https://www.health.com/condition/infectious-diseases/coronavirus/what-is-an-endemic-virus

As opposed to the terms epidemic, pandemic and sporadic.

RELATED: https://medicalexecutivepost.com/2022/01/13/pandemic-versus-epidemic/

Seasonal Flu: https://www.msn.com/en-us/money/smallbusiness/bill-gates-is-releasing-a-new-book-about-how-to-avoid-another-pandemic-heres-what-we-know/ar-AATFjcO?li=BBnbfcL

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How can the world adapt to Covid-19 in the long term? | News | Wellcome

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About the Laffer Curve

What it is – How it works
By staff reporters

DEFINITION:

In economics, the Laffer curve is a representation of the relationship between rates of taxation and the resulting levels of government revenue.

The Laffer curve claims to illustrate the concept of taxable income elasticity—i.e., taxable income will change in response to changes in the rate of taxation.

CITE: https://www.r2library.com/Resource/Title/082610254

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HISTORY:

The Laffer Curve is a theory developed by supply-side economist Arthur Laffer to show the relationship between tax rates and the amount of tax revenue collected by governments.

The curve is used to illustrate Laffer’s main premise that the more an activity such as production is taxed, the less of it is generated. Likewise, the less an activity is taxed, the more of it is generated.

MORE: https://www.investopedia.com/terms/l/laffercurve.asp

Conclusion

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Contact: MarcinkoAdvisors@msn.com

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ORDER: https://www.crcpress.com/Comprehensive-Financial-Planning-Strategies-for-Doctors-and-Advisors-Best/Marcinko-Hetico/p/book/9781482240283

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J.B. SAY: The “Law of Markets” Podcast

What it Is – How it Works

By Staff Reporters

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DEFINITION: In classical economics, Say’s law, or the law of markets, is the claim that the production of a product creates demand for another product by providing something of value which can be exchanged for that other product. Thus, production is the source of demand.

CITE: https://www.r2library.com/Resource/Title/0826102549

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Say's Law of Markets - Overview, How It Works, Criticism

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PODCAST: https://www.youtube.com/watch?v=eGGy06xbjd8

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