Examlex
A(n) ________ in the elasticity of supply or demand in a market for a good that is taxed would tend to ________ who is legally responsible for paying the tax.
Maximized Government Participation
A policy or approach where the government actively engages in various sectors of the economy, often including owning or regulating businesses and industries.
Private Enterprise System
An economic system where private individuals or businesses own the means of production and operate for profit, often characterized by competition and market forces.
Entrepreneurs
People who establish, manage, and run companies while accepting higher-than-usual financial risks in the process.
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