Cambridge Dictionaries online Cambridge Dictionaries online

The most popular online dictionary and thesaurus for learners of English

  

English definition of “benefit principle”

benefit principle

noun [C]    
TAX, ECONOMICS the theory that people who use a public service or product should pay more tax towards it than people who do not use it: The ability-to-pay principle of taxation stands in sharp contrast to the benefit principle .
(Definition of benefit principle noun from the Cambridge Business English Dictionary © Cambridge University Press)
Focus on the pronunciation of benefit principle

Word of the Day

familiarity

a good knowledge of something, or the fact that you know it so well

Word of the Day

Blog

Read our blog about how the English language behaves.

Learn More

New Words

Find words and meanings that have just started to be used in English, and let us know what you think of them.

Learn More