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Until the middle of the 19th century, neither China nor Japan was much influenced by colonizing Europeans
Tax Rate
The amount of tax a person or company must pay, expressed as a percentage of income.
Optimal Level
The most efficient, effective, or desirable point or degree for a specific outcome or condition.
Financial Distress Costs
Expenses incurred by a company when it faces financial difficulties, including bankruptcy costs and the cost of lost opportunities.
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