A direct role involves the government passing laws or carrying out policies that change or affect the economy, like issuing taxes. An indirect role is a government change that inadvertently affects the economy, like wars in the Middle East affecting oil prices. The government didn't raise oil prices, but the conflict caused the leaders with whom we are at war to raise prices on our imports.
These taxes are part of indirect taxes , though taxes are imposed on individuals and paid by individuals it is a macro concept which is dealt by the govt.... hence it is macro economics in charge of these taxes...... however indirect taxes are managed by the state govt...
in a pure one only private firms and individuals but in reallity both govt and private
In a command economy the government decides how resources are used and what goods and service are produced. In a market individuals make the decisions about how resources are used and what gods and services to provide.
It defends the interests of the one percent, the capitalist class.
laissez faire- french word meaning the govt. will stay out of the economy
TDS means tax deducted at source. It is employer's duty to deduct tax at source otherwise govt. may take action. It is a direct tax.
No, a command economy is where the central govt. controls everything. A market economy is where the govt. trades, buys, and sells products from different countries.
These taxes are part of indirect taxes , though taxes are imposed on individuals and paid by individuals it is a macro concept which is dealt by the govt.... hence it is macro economics in charge of these taxes...... however indirect taxes are managed by the state govt...
in a pure one only private firms and individuals but in reallity both govt and private
religion, govt, the economy, education systems, canals
religion, govt, the economy, education systems, canals
religion, govt, the economy, education systems, canals
factors of production by govt. , by society and privetly
factors of production by govt. , by society and privetly
In a command economy the government decides how resources are used and what goods and service are produced. In a market individuals make the decisions about how resources are used and what gods and services to provide.
A communist govt. A one party system, all govt. owned property, centralised and state owned economy
It defends the interests of the one percent, the capitalist class.