Definition and meaning of concurrent powers: Concurrent powers are those that are shared by both the federal government and the states. Both the federal government and the states have the authority to pass laws, collect taxes, and borrow money to fund projects. This has been a major source of contention in American politics, as it can lead to a system of power imbalance and favoritism towards certain political parties or candidates. This system of shared powers can be seen as a way to ensure a level playing field and to prevent one party or candidate from having an unfair advantage. Examples of concurrent powers can be seen in the U.S. Constitution, such as the power to regulate commerce and coin money. The power of taxation is also shared between the federal government and the states, as each has the authority to collect taxes from citizens. Additionally, states have the right to pass laws that are in accordance with the U.S. Constitution, while the federal government has the authority to pass laws that are in the best interest of the nation as a whole.