Examlex
The Global Compact is a code of conduct that enforces its principles.
Normative Question
Involves value judgments about what ought to be and discusses what should be done based on subjective criteria.
Regressive Nature
Regressive nature typically refers to a situation or policy that disproportionately affects those with lower incomes more adversely than those with higher incomes.
Excise Tax
A tax levied on specific goods, services, or transactions, often included in the price of the product or service.
Positive Economics
A branch of economics that seeks to describe and explain economic phenomena, focusing on factual and objective analysis without prescribing policies.
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