Examlex
Which of the following is the most common mode of transmission?
Consumption
Households utilizing products and services for their needs.
Horizontal Equity
The principle that individuals with similar income and ability should be treated equally by the taxation system, ensuring fairness.
Economic Income
The total value of all earnings received over a period of time, including wages, rental income, interest, and profits.
Consumption
The usage of goods and services by households, including the actions of selecting, purchasing, using, and disposing of products.
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