Examlex
List three ways that federalism is advantageous for democracy.List three ways that federalism is disadvantageous for democracy.
Excess Burden
The economic loss to society due to market inefficiencies, often associated with taxes or other government policies that distort market behavior beyond the revenue raised or spending undertaken.
Net Worth
The difference between the total assets and total liabilities of an individual, company, or entity.
Liabilities
Financial obligations or debts that a business or individual owes to others.
Assets
Resources owned by a business or individual that have economic value and can provide future benefits.
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