Examlex
Explain why cash flow is important to a new business owner.
Property Tax
A levy on property that the owner is required to pay, often based on the value of the property.
Excess Burden
The cost to society created by market inefficiency, often associated with government policies like taxes or subsidies.
Tax Shifting
The process by which the economic burden of a tax is passed on from the entity legally responsible for it to another party, often consumers.
Principle of Neutrality
It refers to the economic principle that fiscal policy should not distort market behavior, aiming to maintain a neutral effect on economic choices.
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