Examlex
Explain the principle of bounded rationality.
Tax
A mandatory contribution to state revenue, levied by the government on workers' income and business profits or added to the cost of some goods, services, and transactions.
Burden
A heavy load, often referring to the impact or cost of something on individuals or society.
Buyers
Individuals or entities that purchase goods or services for personal use or for the purpose of reselling.
Sellers
Individuals or entities that offer products or services for sale to buyers in a marketplace.
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