Examlex
A simple ABC model can have fewer than 20 activities; a complex model may include up to 100 activities, but no more.
Deadweight Loss
The drop in economic efficiency due to the inability or failure of a good or service to reach its equilibrium state.
Government Revenue
The total income received by the government from taxes, fees, and non-tax sources like government-owned enterprises and foreign aid.
Tax Rate
The share of an individual's or corporation's income that is subject to taxation.
Deadweight Loss
A loss in total economic welfare that occurs when the free market equilibrium for a good or a service is not achieved, typically due to taxes, subsidies, or market controls.
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