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Taxation
The process by which governments charge fees on individuals and corporations to fund public services and infrastructure.
Market Inefficiencies
Situations where resources are not distributed optimally in a market, often leading to a loss in economic or social value.
Pollution Permits
Licenses issued by government authorities that allow holders to emit a specific amount of pollutants over a set period, intending to control and reduce environmental damage.
Supply And Demand
A fundamental economic model describing how the quantity of goods supplied by producers and the quantity demanded by consumers determine the price and quantity of goods and services in a market.
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