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Very Short Answer Type Question:What is a tax? - Economics

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Question

What is a tax?

Very Short Answer
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Solution

“a compulsory contribution from a person to the government to defray the expenses incurred in the common interest of all, without reference to special benefits conferred.”

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The Ward Councillor and Administrative Staff
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Chapter 16: Fiscal Policy - TEST YOURSELF QUESTIONS [Page 324]

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Frank Economics [English] Class 12 ISC
Chapter 16 Fiscal Policy
TEST YOURSELF QUESTIONS | Q 6. | Page 324
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