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Define progressive taxation. - Economics

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Question

Define progressive taxation.

Definition
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Solution

Taxes in which the rate of tax increases, with the increase in tax base are called progressive taxes.

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Chapter 16: Fiscal Policy - TEST YOURSELF QUESTIONS [Page 236]

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Frank Economics [English] Class 12 ISC
Chapter 16 Fiscal Policy
TEST YOURSELF QUESTIONS | Q 2. a | Page 236
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