Examlex
A researcher who is studying the effect of sleep on cognitive ability develops a general theory about the relevance of sleep for psychological phenomena. This is an example of applied research.
Tax Revenue
The income gained by the government through the imposition of taxes on individuals and corporations.
Public Benefit
A positive outcome or advantage that serves the general population or community at large.
Equilibrium Price
The price at which the quantity of a product demanded by consumers and the quantity supplied by producers are equal.
Government Tax
Required payments to the government, deducted from workers' salaries and company earnings, or applied to the prices of specific items, services, and activities.
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