Examlex
A good that is rival in consumption is one that someone can be prevented from using if she did not pay for it.
Progressive Income Tax
A tax system in which the tax rate increases as the taxable amount increases, leading to higher earners paying a higher rate of tax on their income.
Equity
The concept of fairness or justice in the allocation of resources or treatment of individuals, or a term referring to ownership interest in a company through stocks.
Efficiency
The state of optimizing resources to achieve the highest possible output with the least waste of inputs.
Tax Efficiency
A measure of how much of an investment's return is left after taxes, indicating the effectiveness of minimizing tax liability through investment choices.
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