Examlex
Sociologists try to follow the steps of the scientific method or approach to gather new empirical data that can change and deepen our understanding of human social life.
Tax
A necessary financial assessment or some other type of taxation levied upon a taxpayer by a government entity, intended to fund the expenditure of government and various allotments for public services.
Consumer Surplus
The distance between the total consumers are ready to contribute financially to a good or service and what they eventually pay.
Deadweight Loss
A shortfall in economic optimization that occurs when the balance for a good or service is missed or impossible to hit.
Tax
A compulsory financial charge or levy imposed by a government on individuals or entities to fund public expenditure.
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