TAX INCIDENCE
Economic term for division of a tax burden between producers and consumers. It is related to the price elasticity of supply and demand. The tax burden will be carried by buyers if supply is more elastic than demand. Conversely, producers will bear the tax if demand is more elastic than supply.
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Product Line
A series of related products which are all made or manufactured by the same company.
Behavioral Economics
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Infant-Industry Theory
A theory stating the emerging domestic industries must be protected against foreign competition until they become established and mature. In econom ...
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