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Welfare Loss Of Taxation Definition.



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A welfare loss occurs when a tax distorts economic activity in a way that leads to a decline in economic welfare. A tax can cause a welfare loss by discouraging work, investment, or entrepreneurship. A tax can also cause a welfare loss by distorting the allocation of resources in the economy. The welfare loss from … Read more

What is the big data?



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The concept of big data was born with a specific objective. Specifically, it seeks to cover unmet needs, in the state of science, related to the storage or processing of data. However, not just any type of data, but data that was characterized by its volume, variety and transmission speed. What is Big Data and … Read more