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प्रश्न
How does the state fulfil the following socio-economic objective?
Reducing income inequality.
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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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संबंधित प्रश्न
______ is an example of commercial revenues.
Under ______ the rate of tax increases with rise in tax payer's income.
The state can promote economic development by ______.
Which of these taxes is most likely to be progressive?
Citing reason state the advantage of a progressive tax over proportional tax.
Classify the following types of tax into direct and indirect taxes:
- Entertainment tax
- Income tax
- House tax
- Sales tax
Classify the following type of tax into direct and indirect taxes:
Income tax
Explain how tax can be used as an instrument to regulate consumption and production in an economy.
With reference to the taxation policy.
Differentiate between progressive and regressive taxes giving an example for each.
Define the following term:
Fiscal deficit
