Examlex
In a short essay, explain the four trends that provide evidence for the globalization of markets. Provide an example to illustrate one of the trends.
High-Income
Earning a substantial amount of money, typically above the median income level in a given region or country.
Low-Income
Referring to individuals or families whose earnings are significantly lower than the average, often quantified by government standards.
Regressive Tax
A tax imposed in such a manner that the tax rate decreases as the amount subject to taxation increases.
Proportional Tax
A tax system where the tax rate remains constant regardless of the amount subject to tax, meaning everyone pays the same percentage of their income.
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