Examlex
A catalyst increases the equilibrium constant for a reaction.
Consumer Surplus
The distinction between the ideal spending amount of consumers on a good or service and their actual expenditure.
Government
The organization that is the governing authority of a political unit, responsible for creating and enforcing laws and managing public services.
Transfer
The movement of something from one place, person, or ownership to another, often without the exchange of money.
Regressive Tax Structure
A tax system where the rate decreases as the taxable amount increases, disproportionately affecting lower-income individuals.
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