Examlex
How can the collaboration between UN agencies and corporations be characterized?
Inelastic Supply
A situation where the supply of a good does not significantly change when its price changes, often due to limitations in production capabilities or time constraints.
Excise Tax
A tax imposed on specific goods or services, such as tobacco and alcohol, often intended to discourage their use or generate revenue.
Proportional
In economics, proportional refers to a relationship or distribution that remains the same in proportion or rate, such as a tax that takes the same percentage from all income earners.
Tax Rate
The percentage at which an individual or corporation is taxed by the government on income or profits.
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