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Explain the meaning of the following term: Impact - Economics

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प्रश्न

Explain the meaning of the following term:

Impact

एका वाक्यात उत्तर

उत्तर

When the government imposes a tax, a person or institution bears the burden of tax at the first incidence; this is called the impact of the tax.

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Concept for Taxes and Types
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पाठ 10: Public Revenue - Exercise [पृष्ठ १७६]

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गोयल ब्रदर्स प्रकाशन Economics [English] Class 10 ICSE
पाठ 10 Public Revenue
Exercise | Q 10. (i) | पृष्ठ १७६
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