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प्रश्न
How does the state fulfil the following socio-economic objective?
Promoting industrial growth.
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उत्तर
- Industrialisation is a process of growth and expansion of industries in a country. The government can come forward for the establishment of basic industries (e.g. steel industry, heavy chemical industry) which are generally not taken up by the private investor for want of risks and huge investments.
- The state can also provide various inputs at subsidised prices to encourage private investment in industries.
- The government can provide relief to certain industries in the shape of lowering the taxes so that they could compete with foreign industries.
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संबंधित प्रश्न
The essential feature of a tax.
______ are those taxes which are paid by the same person on whom they have been imposed.
Instruments of fiscal policy is:
A policy under which the government uses its expenditure and revenue to produce desirable effect and avoid undesirable effects on the national income, production and employment. This defines ______.
Identify the tax which is most likely to faster civic conciousness.
Define a degressive tax.
Citing reason state the advantage of a direct tax over an indirect tax.
Give an example of Indirect tax.
Explain how indirect taxes can be inflationary.
Citing reasons state the superiority of Progressive tax over regressive tax.
