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Budget is a statement of estimated expenditures and receipts of the government for a financial year. Get An Introduction to the Budget, Its Components and Types of Budget here.
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Theorems of the elasticity of demand present different attributes and specific conditions of the price elasticity of demand. It also describes how the elasticity and slope of the demand curve interact with each other.
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The non-tax revenue is the revenue earned by the government other than the sources of tax revenue. The proportion of non-tax revenue in the revenue receipts has been increasing in absolute value since 1991 but its relative value has shown variations. It has increased from Rs. 11976 cr in 1990-91 to Rs. 245276 cr in 2018- 19 but its relative contribution in GDP has declined from 0.20 per cent in 1990-91 to 0.12 per cent in 2018-19.
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Resource allocation means allocating available resources in different ways by proper planning or channel. In the context of government and country resource allocation means the distribution of tax revenues, managing different expenditures based on the need for the hours, and collection taxes from different sources by government.
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In this article, you will get trends in public expenditure in India and also theories and causes of public expenditure.
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Fiscal federalism and resource allocation between Centre and State are major fiscal activities under the Constitution of India.
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In this article, you will be able to know about the taxation, types of taxation, methods and theories of taxation, and economic impacts of taxation.
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THEORY OF CONSUMERS BEHAVIOUR: PART 1 Concept of demand was given by Alfred Marshall. DEMAND: Consumer’s desire to
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