Examlex
Which of the following is an example of very low richness?
Perfectly Inelastic
A situation where the demand or supply for a good does not change in response to changes in price.
Single Tax
A system where only one type of tax is levied, often proposed for simplifying the tax system.
Henry George
An American economist known for his advocacy of a single land tax and author of "Progress and Poverty," which argues land should be owned communally to address social inequalities.
Land
An essential factor of production representing all natural resources used to produce goods and services.
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