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Exact(14)
"Though it is a smaller capital market than New York, AIM is much more globally focused".
Lower investment means a smaller capital stock, less capital per worker and hence lower wages.
So the CBO already takes into account the effect of a smaller capital stock on potential output.
Fewer workers, other things being equal, means the economy needs a smaller capital stock, even if some of those workers are clever old sticks.
A higher value would have meant Marks would have a smaller capital gain not just for the tax years he has disputed, but also for all future disposals.
A smaller capital stock would reduce the productivity of labor and cause real wages to be lower in the long run.
Similar(46)
A small capital investment on my part.
The incentive to lend short-term to other banks in emerging economies, which used to carry a small capital charge, will also be eliminated.
The recalcitrant bondholders group admits that under the new scheme there might be a small capital shortfall but insists that this could be filled easily.
Having grown up in a small capital city located on the Great Plains of North America, I recognize something in Murnane's descriptions of expansive grasslands, unobstructed sky.
It is entirely possible that even a small and relatively poor state might successfully embark on a biological warfare program with a small capital investment and a few dozen biologists, all of which could be secretly housed within a few buildings.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com