Examlex
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Tax
A compulsory financial charge or some other type of levy imposed upon a taxpayer by a governmental organization in order to fund government spending and various public expenditures.
Profit
The financial gain achieved when the revenue from a business activity exceeds the expenses, costs, and taxes associated with maintaining the activity.
Demand Curve
A chart that depicts how the quantity of a product demanded by buyers is related to its price, usually sloping downwards.
Marginal Revenue
The additional income earned from selling one more unit of a good or service, crucial for decision-making on output levels.
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