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Authority to advise but NOT command is called
Economic Policy
Guidelines and practices governments use to influence their nation's economy, covering fiscal policy, monetary policy, and trade regulations.
Inequalities
The uneven distribution or access to resources, rights, and opportunities among different groups in society.
Laffer Curve
A theoretical representation showing the relationship between tax rates and the amount of tax revenue collected by governments.
Tax Revenues
The income that is gained by governments through taxation.
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