Requirement of a Good Tax Structure / System The tax structure is a part of economic organization of a society and therefore fit in its overall economic environment. No tax system that does not satisfy these basic condition can be termed a good one. However, the state should pursue mainly following principles in structuring its … Read more
PUBLIC FINANCE EXPLAINED – Is the study of how the government or public sector pays for or finance expenditures through taxes and borrowing .Public finance adapts and applies the fundamental microeconomic theory of markets to the public sectors and government sectors.In particular,this area of study analyses the efficiency of taxes and the market failure of … Read more
IMPORTANCE OF INSURANCE IN COMMERCE 1. It creates confidence among businessmen and Investors Insurance creates confidence among the businessmen and investors to undertake risky business ventures without fear of loss in which they would otherwise not have invested their money. 2. Provide Compensation Insurance Companies compensate the unfortunate people who actually suffer loss as a … Read more