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प्रश्न
How does the state fulfil the following socio-economic objective?
Reducing income inequality.
थोडक्यात उत्तर
उत्तर
- Income inequality is very harmful to the society as a whole. The state can reduce income inequality through the system of progressive taxation, nationalisation of private industries and also by providing free education and medical facilities to the poor.
- By setting up public sector enterprises, the government can generate lots of new jobs for the unemployed.
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Role of State in Economic Development
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संबंधित प्रश्न
Which of the statement is true for income tax?
How can tax be used as an instrument to bring about equitable distribution of wealth and income?
Citing reason state the advantage of a progressive tax over proportional tax.
What is meant by shifting of tax burden?
Classify the following type of tax into direct and indirect taxes:
Income tax
What are progressive taxes.
Draw a neat labelled diagram for progressive taxation.
State two differences between income tax and commodity tax.
Explain how tax can be used as an instrument to regulate consumption and production in an economy.
Citing reasons state the superiority of Progressive tax over regressive tax.
