Question

Trade and commerce contribute to the economic development of a country by paying ______ ______ and ______ to the government. Fill in the blanks.

Answer 1

Answer:

Trade and commerce contribute to the economic development of a country by paying rates, taxes and duties to the government.

Explanation: The buying and selling of goods in consideration of money or money's worth is called trade.

Answer 2

Explanation:

Trade and commerce contribute to the economic development of the country by paying taxes, tariffs and duties to the government. Taxes, tariffs and duties imposed on the revenue earned by selling and buying goods and services provide revenue to the government. This amount of money is used for the economic development of the country. The money is used for the welfare of the people by building roads, bridges and dams.