The classical school emphasizes production of goods and services as the key focus of economic analysis. Neoclassical economics focuses on how individuals operate within an economy. As such, the neoclassical school emphasizes the exchange of goods and services as the key focus of economic analysis.. (Source : Difference Between Classical & Neoclassical Economics | eHow) Here's information about the dates of emergence of neoclassical economics:
A random sampling of other states indicates the issue is mixed. For example, Illinois taxes the equipment if it is used in a manufacturing process. In Maine, there is no exemption. In Connecticut, all fire safety equipment is exempt.
Connecticutâs Tax-Free Holiday rules are: 1  Clothing and shoes under $100 per item are tax exempt. 2  The following items are not exempt: Clothing or footwear primarily designed for and normally not worn except when used during an athletic activity (for example, football cleats are not exempt, but basketball shoes are).