Definition of Public and Private sector The public sector refers to the part of the economy that is owned and operated by the government or other public agencies. This includes…
Definition of Senate and House Senate and House of Representatives are the two chambers of the United States Congress, the legislative branch of the federal government of the United States.…
Definition of King and Emperor A King is a male monarch, who typically inherits his position through a royal bloodline and rules over a kingdom or a sovereign state. The…
Brief explanation of Itemized Deduction and Standard Deduction Itemized deductions and standard deductions are two methods by which taxpayers in the United States can reduce their taxable income. Standard deduction…
Explanation of the terms State and Government The term state refers to a political entity that has sovereignty over a defined territory and population. The state is the highest level…