Examlex
According to Langness, one of the implications of Ernest Haeckel's "Biogenetic Law" is that the thought and behavior of "savages" is like that of children in civilized societies.
Efficient
Describes a process that achieves its goals with the least waste of time and effort.
Lump-Sum Tax
A tax that is the same amount for every person.
Deadweight Loss
A cost to society created by market inefficiency, which occurs when supply and demand are out of equilibrium.
Ability-To-Pay Principle
A principle in taxation that holds that taxes should be levied according to an individual's or entity's capacity to pay.
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