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प्रश्न
How does the state fulfil the following socio-economic objective?
Promoting industrial growth.
थोडक्यात उत्तर
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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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Role of State in Economic Development
या प्रश्नात किंवा उत्तरात काही त्रुटी आहे का?
पाठ 6: The State and Economic Development - QUESTIONS [पृष्ठ १६७]
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संबंधित प्रश्न
Under ______ the rate of tax increases with rise in tax payer's income.
Instruments of fiscal policy is:
Which of these taxes is most likely to be progressive?
To which tax is this shifting of tax burden relevant?
Briefly explain why direct taxes foster civic consciousness among people.
Give one example of progressive tax.
Give two reasons why the government imposes tax?
Define a tax.
Explain the term Incidence of a tax.
Explain how indirect taxes can be made progressive.
