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Give Reason of Explain the Statement Income Collected from Tax is a Main Source of Government Revenue. - Economics

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प्रश्न

Give reason of Explain the statement 

Income collected from tax is a main source of government revenue.

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उत्तर

Income collected from taxes forms a main part of the government revenue as a tax is a legally compulsory monetary contribution to the government by different economic units, such as households, firms and other economic units. Taxes are imposed by the government on different activities like income, property, production, occupation etc.

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Taxable Income
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अध्याय 14: Public Economics - Exercise 2 [पृष्ठ १२९]

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मायकल वाझ Economics [English] 12 Standard HSC
अध्याय 14 Public Economics
Exercise 2 | Q 2.1 | पृष्ठ १२९
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