Examlex
Describe the concept of groupthink, why it occurs, and explain how it can be decreased.
Regressive Income Tax
A tax system where the tax rate decreases as the taxable amount increases, placing a higher relative burden on low-income earners.
Efficiency
The optimal allocation of resources to ensure the best possible outcome or output.
Equity
Refers to fairness and justice in the distribution of resources and opportunities.
Fairness
The quality of treating others equitably, without favoritism or discrimination, often applied in legal, social, and economic contexts.
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