Examlex
What does the diamond flowchart symbol represent?
Consumption Tax
A tax on the purchase of goods and services, levied at the point of sale.
Income Tax
A tax levied by governments on the income generated by businesses and individuals within their jurisdiction.
Household Spending
The total expenditure by households in an economy on consumption-related items over a certain period.
Means-Testing
The procedure to determine eligibility for government assistance or services based on the applicant's financial means or income level.
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