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Products could be in the decline stage in one country,while at the same time be in the growth stage of the product life cycle in another country.
Regressive Tax
A tax system where the tax rate decreases as the taxable amount increases, imposing a heavier burden on lower-income individuals.
Proportional Tax
A tax system where the tax rate is fixed and applied uniformly to all taxpayers, regardless of income level.
Marginal Tax Rate
The tax rate applied to the next dollar of taxable income, indicating how much tax will be paid on an additional dollar earned.
Average Tax Rate
The fraction of total income that is paid as taxes, calculated by dividing the total amount of tax paid by the total income.
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