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प्रश्न
Explain how indirect taxes can be inflationary.
Explain how indirect taxes prove to be inflationary.
थोडक्यात उत्तर
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उत्तर
- Indirect taxes are known to cause significant inflation. Indirect taxes on commodities lead to higher market prices.
- Rising prices increase the cost of living, leading trade unions to seek greater salaries to maintain workers' real incomes.
- Indirect taxes perpetuate a cycle of rising prices, costs, wages, and further price increases.
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Role of State in Economic Development
या प्रश्नात किंवा उत्तरात काही त्रुटी आहे का?
संबंधित प्रश्न
The essential feature of a tax.
Fiscal policy means public expenditure and tax policy of the government.
Read the following statements carefully and choose the correct alternative:
Assertion (A): Income tax is a direct tax.
Reason (R): GST is an indirect tax.
Define direct tax
Differentiate between direct and indirect taxes.
Draw a neat labelled diagram for progressive taxation.
Explain the term Impact of a tax.
Explain the following with examples:
Progressive tax
Explain the state's role in achieving the objective of social justice in less developed countries.
Define the following term:
Fiscal deficit
