Capital Formation or Accumulation Capital formation or capital accumulation refers to increasing a country’s stock of real...
Day: September 5, 2022
National or public debt refers to the debt a country owes to its citizens or other countries...
A budget may be defined as a financial statement of the total estimated revenue and the proposed...
Taxation especially direct tax can be classified according to the following systems. These are: 1) Progressive tax:...
There are two major types of tax. These are direct tax and indirect tax. Direct Tax Direct...
Incidence of taxation refers to the point at which the tax burden finally rests. The burden here...
Taxation may be defined as the act or method of imposing a compulsory levy by the government...
