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John worked in a manufacturing job building car engines. Over time, this work was increasingly performed by machines, and manufacturing jobs became scarcer and paid less. John and his family were once comfortably middle class, but technology changed his job and his factory was shut down. What kind of mobility did John experience?
Administrative Costs
Expenses related to the general operations of a business, including salaries of non-sales personnel, office supplies, and administrative support services.
Enforcement Costs
The expenses associated with ensuring compliance with laws, regulations, and agreements, including monitoring and penalties.
Compliance Costs
Expenses that businesses incur to adhere to laws, regulations, and standards.
Power To Tax
The legal authority granted to governments to impose charges on individuals and corporations to fund public services and goods.
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