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Explain the Meaning of the Following Terms: Impact - ICSE Class 10 - Economics

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Question

Explain the meaning of the following terms:

Impact

Solution

Impact: When the government imposes a tax, a person or institution bears the burden of tax at the first incidence; this is called the impact of the tax.

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APPEARS IN

 2016-2017 (March) (with solutions)
Question 8.2 | 5.00 marks
Solution Explain the Meaning of the Following Terms: Impact Concept: Concept for Taxes and Types.
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