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Java supports type inferencing with the <> notation in statements that declare and create generic type variables and objects. For example, the following line: List<String> list = new ArrayList<String>() ;
Can be written as:
Optimal Tax
A taxation principle aiming to maximize economic efficiency without imposing undue burdens or distortions.
Deadweight Loss
Economic efficiency loss occurring when free market equilibrium is not achieved for a good or service.
Revenues
The income generated from normal business operations and includes discounts and deductions for returned merchandise.
Tax
A financial charge or levy imposed by a government on individuals or entities to fund public expenditures, thereby shaping economic policies.
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