Examlex
The petty cash fund eliminates the need for a bank checking account.
Mutually Beneficial Transactions
Economic exchanges that provide benefits to all parties involved, improving their respective situations.
Inefficiency
A situation where resources are not used in the most effective way, leading to wasted potential output.
Price Elasticity
A measure of how much the demand or supply of a product changes in response to a price change.
Increase Tax Revenue
Strategies or activities undertaken by a government to enhance the amount of money it collects from taxes.
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