Examlex
What is organization theory and design?
Efficiency Loss
The loss of economic efficiency that can occur when equilibrium for a good or a service is not achieved or is not achievable.
Deadweight Loss
Deadweight loss is an economic inefficiency resulting from a disparity between supply and demand, often caused by market interventions like taxes or price controls, resulting in potential benefits not realized by any party.
Tax Revenue
The total amount of money collected by the government from taxes, which is then used for public expenditures.
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