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Glossary

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Break-Even Point (BEP)The level at which total revenue equals total cost, so related expenses are exactly covered with neither profit nor loss.
Fiscal policyA policy describing how authorities influence public fund revenues and expenditures by adjusting tax rates and other means.

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Definition

Break-Even Point (BEP)

The level at which total revenue equals total cost, so related expenses are exactly covered with neither profit nor loss.

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