2007-01-30 01:19:21 · 3 answers · asked by Gaurav Tanwar 1 in Social Science ➔ Economics
merits- you get infrastructure, security etc to the scale no one can individually afford.
demerit- it costs you a lot
2007-02-03 01:10:11 · answer #1 · answered by Anonymous · 0⤊ 0⤋
Well actually they are very simple. By putting taxes on the government gain revenue while the price of the good increases. The government has to see whether taxing a good is in favor of the people or not. For example when goods with inelastic demand are taxed the burden of the tax mostly falls on the consumer. There are also two types of taxes namely percentage and specific.
2007-01-30 13:34:46 · answer #2 · answered by Flame666_90 2 · 0⤊ 0⤋
none. Only to the politicians. Indirect to pull wool over our eyes!
2007-02-02 18:46:56 · answer #3 · answered by secret society 6 · 0⤊ 0⤋