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Use the following to answer questions :
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Deadweight Loss
A reduction in economic productivity that arises when a good or service does not reach or cannot reach its market equilibrium.
Administrative Burden
The administrative and regulatory obligations that organizations must follow, often involving substantial paperwork and compliance efforts.
Tax System
The structured method by which governments impose financial charges on citizens, businesses, and property to fund public expenditures.
Efficient Tax System
A tax system designed to collect government revenue with minimal economic distortion and without imposing excessive administration and compliance costs.
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