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A benefit of taxes over regulation to internalize externalities is
Owner's Withdrawals
Amounts of money or other assets that the owner takes out of the company for personal use.
Owner's Equity
The total value of assets a business owner has rights to after all liabilities are paid off; equity for sole proprietorships.
Liabilities
Financial obligations or debts that a company owes to others, including loans, accounts payable, and mortgages.
Owner's Equity
The residual interest in the assets of an entity that remains after deducting its liabilities; also known as shareholders' equity for corporations.
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