ECONOMICS
TECHNOLOGY
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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resolve market failures
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redistribute income
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invest in technology
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protect property rights
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Detailed explanation-1: -Income Taxes Income tax is the prime example of a direct tax; it is levied directly on the incomes of the individual consumers in the economy, and it can be designed to take account of the individual circumstances of the taxpayer.
Detailed explanation-2: -Fiscal Policy When the country is in a recession, the appropriate policy is to increase spending, reduce taxes, or both. Such expansionary actions will put more money in the hands of businesses and consumers, encouraging businesses to expand and consumers to buy more goods and services.
Detailed explanation-3: -Redistribution of income is one of the important objectives of government budget. The government through its budgetary policy attempts to promote fair and right distribution of income in an economy. This is done through taxation and expenditure policy.
Detailed explanation-4: -Use of Labour-intensive Technology. Accelerating Investment in Agriculture. Diversification of Agriculture. Education, Health and Employment Generation. Development of the rural areas. Overhaul of Education system. Need for National Employment Policy (NEP) More items