Economics

A bank account is the arrangement made with a bank which enables one to deposit and withdraw money and in some cases, be paid...

Wages are rewards paid for the services of labour. That is to say, the amount paid to labour for the services it rendered during...

Collecting taxes are one of the ways government generates revenue for carrying out it assignments. People in the developed world know the importance of...

Indirect Taxes are taxes levied on locally made, imported and exported goods and services. These taxes imposed on goods and services are layer on transferred...

There are two major forms of tax. Direct and Indirect taxes. Direct tax is collected directly from individuals and profits of companies. The profit...

Reasons For The Imposition of taxes by The government There are various reasons for the imposition of taxes by the government and we shall...

Tax may be defined as a compulsory contribution contribution imposed by a government authority on goods, individuals, corporate bodies, etc, irrespective of the exact...

Every society irrespective of the type of economic system adopted; whether capitalism or socialism, is faced with the following basic fundamental economic problems: What To...

A budget may be defined as a financial statement of the total estimated revenue and the proposed expenditure of a government in a given...

Sources of Government Borrowing  As government debts were divided into external and internal debts, sources of Government borrowing is also divided into external and internal....