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प्रश्न
Explain how indirect taxes can be inflationary.
Explain how indirect taxes prove to be inflationary.
थोडक्यात उत्तर
उत्तर
- Indirect taxes are known to cause significant inflation. Indirect taxes on commodities lead to higher market prices.
- Rising prices increase the cost of living, leading trade unions to seek greater salaries to maintain workers' real incomes.
- Indirect taxes perpetuate a cycle of rising prices, costs, wages, and further price increases.
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Role of State in Economic Development
या प्रश्नात किंवा उत्तरात काही त्रुटी आहे का?
संबंधित प्रश्न
The essential feature of a tax.
Observe the relationship of the first pair of words and complete the second pair:
Tax paid by person on whose it is imposed : Direct tax.
A tax is paid by some person and the final burden is born by some other person : ______.
The state can promote economic development by ______.
Define fiscal policy.
Classify the following type of tax into direct and indirect taxes:
Entertainment tax
What is meant by regressive taxation?
State two drawbacks of direct taxes.
Draw a neat labelled diagram for progressive taxation.
Explain the significance of taxes.
Define the following term:
Fiscal deficit
