Examlex
A speaker talking about regimentation in the public school system defines education as "what remains after one has forgotten what one has learned in school," quoting Albert Einstein. She is using a
Deadweight Loss
An economic efficiency loss that occurs when market equilibrium is not achieved or when externalities are present, leading to a loss of total welfare.
Deadweight Loss
A loss of economic efficiency that can occur when the equilibrium for a good or service is not achieved or is unattainable.
Units Bought
Refers to the quantity of a particular good or service purchased by consumers or businesses.
Tax Imposed
A financial charge or other levy placed upon an individual or a legal entity by a state or a functional equivalent of a state.
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