Examlex
People and technology are outputs in an open system.
Progressive Tax
A tax system in which tax rates increase as the taxable amount increases, placing a higher tax burden on individuals with higher incomes.
Regressive Tax
A tax imposed in such a manner that the tax rate decreases as the amount subject to taxation increases, disproportionately affecting lower-income individuals.
Tax Payments
The compulsory contributions to state revenue levied by the government on workers' income and business profits or added to the cost of some goods, services, and transactions.
International Trade
The exchange of goods and services across international borders or territories, involving imports and exports.
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