Examlex
WiMAX is a coding process that takes a digital map feature and assigns it an attribute that serves as a unique ID (tract number, node number) or classification (soil type, zoning category). GIS professionals are certified in geocoding practices to ensure industry standards are met when classifying spatial data.
Taxes
Compulsory contributions to state revenue, levied by the government on workers' income and business profits or added to the cost of some goods, services, and transactions.
Economic Efficiency
A situation where resources are utilized in such a manner that maximizes the satisfaction of needs and wants with minimal waste or inefficiency.
Public Good
A public good is a commodity or service that is made available to all members of a society, typically free of charge, funded by taxes, and characterized by non-excludability and non-rivalry.
Information Problems
Challenges encountered due to the lack of complete or accurate information, leading to suboptimal decisions and market failures.
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