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प्रश्न
How does the state fulfil the following socio-economic objective?
Reducing income inequality.
संक्षेप में उत्तर
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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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Role of State in Economic Development
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संबंधित प्रश्न
______ are those taxes which are paid by the same person on whom they have been imposed.
Fiscal policy means public expenditure and tax policy of the government.
Monetary policy means regulation of money supply by the monetary authority.
Define direct tax
Citing reason state the advantage of a progressive tax over proportional tax.
Explain how indirect taxes can be inflationary.
State two differences between income tax and commodity tax.
Explain the following with examples:
Progressive tax
Explain briefly two merits of indirect tax.
Explain how indirect taxes can be made progressive.
