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Benefits
Advantages or financial assistance received from employment, government, or insurance, aimed at improving individuals’ well-being.
Costs
The expenses incurred in the production or acquisition of goods and services, including both direct and indirect expenditures.
Inelastic Demand
A situation in which the percentage change in quantity demanded of a good is less than the percentage change in price, indicating low sensitivity to price changes.
Tax Burden
The total amount of taxes that individuals, businesses, or other entities are obligated to pay, often expressed as a percentage of income or GDP.
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