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Answer Posted / krushna
The govt plays an important role by making heavy
investments and expenditure on core areas like heavy
industries,infrastructure ,defence,internal
security,education ,poverty alleviation,employment
generation, public health etc For this purpose the govt
collects funds by levying taxes on product,income or
activity.This type of fund collection from public directly
or indirectly is called Taxation
| Is This Answer Correct ? | 7 Yes | 1 No |
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