Identify the Following Terms

question 69

Short Answer

Identify the following terms.
-Reza Khan

---

Definitions:

Tax

A compulsory financial charge or other levy imposed on an individual or a legal entity by a governmental organization.

Market

A venue for the exchange of goods, services, or information between buyers and sellers, which may be physical or virtual.

Equilibrium Price

The price at which the quantity of a good demanded by consumers equals the quantity supplied by producers.

Market

A place or system where buyers and sellers interact to exchange goods, services, or information.