Answered: Taxation; an essential fiscal policy…

Taxation; an essential fiscal policy tool for moblizing resources for socio-economic development that has helped and hurt economies the world over including Ghana” 1. Discuss the passage above

Economics (MindTap Course List)

13th Edition

ISBN:9781337617383

Author:Roger A. Arnold

Publisher:Roger A. Arnold

Chapter11: Fiscal Policy And The Federal Budget

Section: Chapter Questions

Problem 13QP

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Question

Taxation; an essential fiscal policy tool for moblizing resources for socio-economic development that has helped and hurt economies the world over including Ghana”

1. Discuss the passage above?

Rules by which an authority (usually a government) imposes a financial obligation on individuals or organizations within its domain. Property or transactions can be taxed. While taxes are primarily intended to fund the operation of a government, many tax laws are created to encourage or discourage certain behaviors by citizens or companies.

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