Examlex
How do modern markets differ from other economic systems in their capacity to produce "growth miracles"?
Progressive
In taxation, it refers to a system where the tax rate increases as the taxable amount increases.
Payroll Tax
Taxes that are withheld from an employee's salary by their employer and paid to the government, often used to fund social security and Medicare.
Social Security
A government program designed to provide financial support to people who are retired, disabled, or unable to work.
Corporate Sector
The portion of an economy comprised of corporations, including businesses and enterprises, engaged in commercial or industrial activities.
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