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In the liberal perspective, the strongest branch of government should be the
Black Market
Illegal trade of goods and services, beyond government control, where transactions typically occur “under the table” to avoid taxes or regulations.
Illegal Goods
Products or services whose production, sale, or possession is prohibited by law.
Legal System
A legal system encompasses the rules, statutes, and regulations instituted by a government to regulate behaviors, enforce rights, and resolve disputes.
Incidence of Tax
The analysis of who bears the economic burden of a tax, considering how the tax affects the distribution of economic welfare.
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