Examlex
What is the main difference between a two-tier regulatory system for nurses and a single-tier system?
Tax
A necessary tax or other charge placed on individuals by a government agency, with the purpose of generating revenue for government operations and miscellaneous public outlays.
Tax Revenue
The income that is collected by governments through taxation, which supports public spending and services.
Government
The organization, or system by which a community or nation is governed, responsible for creating and enforcing laws.
Consumer Surplus
The offset between what customers are willing and able to pay for a service or product and what they actually expend.
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