Examlex
Taxation according to the ability-to-pay principle is best illustrated in the United States by:
Capital
The equipment and structures used to produce goods and services
Poor Country
A nation characterized by a low standard of living, low income per capita, and often lacking in basic infrastructure and services.
Rich Country
A nation characterized by a high gross domestic product (GDP) per capita, indicating a high standard of living, advanced technological infrastructure, and a well-developed economy.
Nonrenewable Resource
A nonrenewable resource is a natural resource that cannot be replenished or takes a very long time to replenish at the same rate it is consumed or used.
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