The incidence of specific indirect taxes refers to the way in which the economic burden of such taxes
Glossary Category: Micro Intervention
transfer payments
Transfer payments in economics refer to unilateral transfers of money from the government to individuals or households, often
capital taxes
Capital taxes are levies imposed on the stock or value of capital assets held by businesses or financial
minimum wage
Minimum wage refers to government legislation that establishes the lowest hourly rate employers must pay workers, acting as
progressive income taxes
Progressive income taxes are a taxation system where the tax rate increases as an individual’s taxable income rises.
minimum prices
Minimum prices, also known as price floors, are government-imposed legal minimums on the price that can be charged
incidence of subsidies
The incidence of a subsidy refers to how the benefits of a government subsidy are distributed between consumers
Gini coefficient
The Gini coefficient is a statistical measure that quantifies income or wealth inequality within a population or country.