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English definition of “incidence”


noun [S]     /ˈɪnsɪdəns/
the rate at which something happens : increase/decrease/reduce the incidence of sth We intend to reduce the incidence of loan defaults by restructuring payments . The incidence of financial fraud among companies having an audit decreased threefold in the last ten years .
(also incidence of taxation) TAX the financial effect of taxes on people or companies , especially taxes not directly paid by them: High business property taxes added to the tax incidence on consumers by increasing the costs of goods and services . Although mean incomes increased by 3.5% when the incidence of taxation is accounted for it leads to a 2.4% fall in mean income .
(Definition of incidence noun from the Cambridge Business English Dictionary © Cambridge University Press)
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