Examlex
First movers that invest only in technology usually obtain sustained competitive advantages, even if they do not tie up strategically valuable resources in an industry before their full value is widely understood.
High-Income
Earning a substantial amount of money, typically above the median income level in a given region or country.
Low-Income
Referring to individuals or families whose earnings are significantly lower than the average, often quantified by government standards.
Regressive Tax
A tax imposed in such a manner that the tax rate decreases as the amount subject to taxation increases.
Proportional Tax
A tax system where the tax rate remains constant regardless of the amount subject to tax, meaning everyone pays the same percentage of their income.
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