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What is the most fundamental distinguishing factor between classical and reform liberalism?
Favorable Tax Treatment
Tax policies or provisions that reduce the tax burden on certain activities, income types, or investments to encourage their growth or stability.
Marginal Adjustment
Small, incremental changes made to a plan, system, or calculation in response to changes in circumstances or new information.
Marginal Changes
Small incremental adjustments to a plan of action, often analyzed in economics to understand the effects of slightly altering production, consumption, or investment.
Normative Economic Statements
Statements that reflect an opinion or judgment about what ought to be in the economy, focusing on what should happen or what ought to be.
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