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It is important to distinguish between the reaction rate and the rate constant.The units of reaction rate are M.s-1.
Tax
A mandatory monetary fee or different form of charge placed on a taxpayer by a government entity to finance government operations and assorted public expenses.
Good
A material item or service that satisfies a want or need; can be economic (having monetary value) or free (like air) but is essential for transactions in the market.
Total Surplus
The sum of consumer surplus and producer surplus in a market, representing the total benefits that buyers and sellers receive from participating in the market.
Tax
A compulsory financial charge or some other type of levy imposed upon a taxpayer by a governmental organization in order to fund various public expenditures.
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