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Long-term changes in demand that make some goods obsolete are likely to have their greatest impact on
Patents
Legal documents granting exclusive rights to inventors for their innovations, preventing others from making, using, or selling the invention for a certain period of time.
Accounts Receivable
Money that is owed to a company by its customers for goods or services that have been delivered but not yet paid for.
Marginal Tax Rate
The rate at which the last dollar of a taxpayer's income is taxed, indicating the percentage of tax applied to their highest dollar of income.
Average Tax Rate
The proportion of total income that a taxpayer pays in taxes, calculated by dividing the total taxes paid by the total taxable income.
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