Examlex
Why is it important to measure how cybersecure we are and describe the purpose of the cybersecurity balanced scorecard?
Tax Revenue
The income that is gained by governments through taxation, which is then used to fund public services and goods.
Price Elastic
Refers to the sensitivity of the demand for a good or service to changes in its price; highly elastic demand means consumers will significantly alter their purchase amount with price changes.
Consumption
The use of goods and services by households. It is a primary component of an economy's demand side.
Price Elasticity
A measure of how much the quantity demanded of a good responds to a change in the price of that good, reflecting its sensitivity.
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