What role does tax system play in market economy ?
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Heya....
Tax is the compulsory payment done by us to the government.....
It's role in market economy...
* It increase the govt reserves without generating any liabilities and reduction in assets...
* By this supply of goods remains limited becz tax increase the cost of production ..
Tax is the compulsory payment done by us to the government.....
It's role in market economy...
* It increase the govt reserves without generating any liabilities and reduction in assets...
* By this supply of goods remains limited becz tax increase the cost of production ..
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