Examlex
Explain Rawls's second principle of justice (that part referring to equality of opportunity).
Tax
An unavoidable fiscal exaction or different type of contribution enforced by a governmental faction on a taxpayer, intended to support the financing of governmental operations and a range of public service outlays.
Tax Revenue
The income governments procure through the levy of taxes.
Consumer Surplus
The variance between the total consumers are prepared to invest in a good or service and what they end up investing.
Producer Surplus
The difference between the amount producers are willing to accept for a good or service and the higher market price they actually receive.
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