DefinitionA war economy is the set of contingencies undertaken by a modern state to mobilize its economy for war production. Philippe Le Billon describes...
DefinitionA defined benefit pension plan is a type of pension plan in which an employer/sponsor promises a specified pension payment, lump-sum on retirement that...
DefinitionIn economics, the excess burden of taxation, also known as the deadweight cost or deadweight loss of taxation, is one of the economic losses...