Examlex
Name the three essential functions of the U.S.Constitution.
Income Distribution
How a nation’s total GDP is distributed amongst its population, affecting the economic welfare of its citizens.
Marginal Utility
The added contentment or utility one gains from using an additional unit of a good or service.
Transferring Income
Transferring income involves reallocating resources or money from one group to another, often through mechanisms like taxation, welfare, or subsidies.
Total Utility
describes the total satisfaction or benefit that a consumer derives from consuming a certain quantity of goods or services.
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