Question

----------- is the process by which Governments finance their expenditure by imposing charges(in form of tax) on citizens and corporate entities.
a)Funding
b)Taxation
c)Monetization
d)Crediting​

Answer 1

Answer:

taxation is the process

Answer 2

Taxation is the process by which Governments finance their expenditure by imposing charges(in form of tax) on citizens and corporate entities.

• Taxation is the compulsory charges that are imposed by the government on the citizens of the country.
• The purpose of taxation is to equalize the wealth of the society and maintain a balance of wealth in the society.
• Taxes are divided into three categories namely proportional taxes, regression taxes and progressive taxes.