Microbe

Essentials of Economics

Krugman, Paul; Wells, Robin

4th ed.

New York: Worth Publishers, Macmillan Learning, 2017

A B C D E F G H I J K L M N O P Q R S T U V W X Y Z  

 3 termes

ability-to-pay principle  n.

p. 316

These two rationales for the welfare state, alleviating income inequality and alleviating economic insecurity, are closely related to a major principle of tax fairness, the ability-to-pay principle, according to which those with greater ability to pay a tax should pay more.
advance purchase restriction  n.

p. 253

Common techniques for price discrimination include the following: • Advance purchase restrictions. Prices are lower for those who purchase well in advance (or in some cases for those who purchase at the last minute).
affordable housing  n.

p. 319

Affordable housing is also frequently a problem, leading poor families to move often, disrupting school and work schedules.