Examlex
What group wields a disproportionate amount of power in French politics,in spite of its overall decline in numbers?
Value-Added Tax (VAT)
A type of consumption tax that is placed on a product whenever value is added at a stage of production and at the point of retail sale.
Tax Burden
The overall impact of taxes on an individual's or company's financial well-being, often expressed as a percentage of income or revenue.
Proportional
Pertaining to a relationship where changes in one quantity result in proportional changes in another quantity.
Elasticity
A measure of how much the quantity demanded or supplied of a good or service changes in response to a change in its price.
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