Examlex
To reduce the sting of an unpleasant thought:
Deduction
An amount that is subtracted from someone's gross income, reducing the taxable income and thus the amount of tax owed.
Induction
A reasoning process that involves making generalizations based on specific observations or instances.
Microeconomics
The study of economic behavior and decision-making in small units, such as households and firms.
Economic Units
Entities or groups, such as households, firms, or governments, that make economic decisions regarding consumption, production, and investment.
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