|
|
HORIZONTAL EQUITY: A system of taxes that treats equal people equally. In other words, if you make the same income as someone else and pay the same personal income taxes, then you have horizontal equity.
Visit the GLOSS*arama
|
|
|
|
|
TOTAL UTILITY The total satisfaction of wants and needs obtained from the use or consumption of a good or service. This is the cumulative amount of utility generated from consuming a good over a given time period. Total utility is most often used in consumer demand theory to indicate how much overall satisfaction someone obtains from a given activity. The primary behavioral motivation used in consumer demand theory is the goal of maximizing total utility. Total utility is also used to derive marginal utility.
Complete Entry | Visit the WEB*pedia |
|
|
|
On a typical day, the United States Mint produces over $1 million worth of dimes.
|
|
|
"Success is more a function of consistent common sense than it is of genius. " -- An Wang, industrialist
|
|
BNA
Bureau of National Affairs
|
|
|
Tell us what you think about AmosWEB. Like what you see? Have suggestions for improvements? Let us know. Click the User Feedback link.
User Feedback
|
|
