Economics

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....

National or public debt refers to the sum total of debts owed by the government of a country both internally and externally. The debts...

Public Finance deals with the financial activities of government concerning revenue, expenditure and debt operations and their effects on the economy. It tries to...