Examlex
What are the four main activities of a learning organization?
Deadweight Loss
The loss of economic efficiency when the equilibrium outcome is not achievable or not achieved in a market.
Sales Tax
A tax imposed by a government on sales of goods and services, typically calculated as a percentage of the sale price.
Deadweight Loss
An economic inefficiency that occurs when a market does not reach equilibrium, leading to a loss of total social welfare.
Consumer Surplus
The difference between the total amount consumers are willing to pay for a good or service and the total amount they actually pay.
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