Flashcards - MEGA Marketing: Market System Economics & Politics

Flashcards - MEGA Marketing: Market System Economics & Politics
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oligopoly
An oligopoly is a market form in which a market or industry is dominated by a small number of sellers
tax credit
A tax credit is a tax incentive which allows certain taxpayers to subtract the amount of the credit from the total they owe the state
tax deduction
Tax deduction is a reduction of income that is able to be taxed, and is commonly a result of expenses, particularly those incurred to produce additional income
public services
Public service is a service which is provided by government to people living within its jurisdiction, either directly or by financing provision of services

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