Tag: increases

What is 'Tax Drag' The reduction of potential income due to taxes. Drag describes the loss in returns owing to taxation, usually...

DefinitionTax avoidance is the legal usage of the tax regime in a single territory to one's own advantage to reduce the amount of tax...

DefinitionTax law is an area of legal study dealing with the constitutional, common-law, statutory, tax treaty, and regulatory rules that constitute the law applicable...

What is a tax base and why is it important A tax base is the total value of all taxable property in a jurisdiction. This...

What is a tax cheat and why do they do it A tax cheat is someone who doesn't pay their taxes, or who pays less...

Deflation is the opposite of the term inflation; deflation is a well-known economic term that is used to describe a period in which the...

Inflation is well defined as a sustained increase in the general level of prices for goods and services wherein the purchasing power falls. It...

DefinitionIn economics, diminishing returns is the decrease in the marginal output of a production process as the amount of a single factor of production...

What is 'Above Full-Employment Equilibrium' A macroeconomic term used to describe the real gross domestic product (GDP) is currently in excess of...

DefinitionIn microeconomics, the law of demand states that, "conditional on all else being equal, as the price of a good increases, quantity demanded decreases...