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PRINCIPAL ECONOMIC ACTIVITTIES DEFINED PRODUCTION is the making of goods and services. EXCHANGE is the sale and purchase of goods and services DISTRIBUTION is the channeling of goods and services from their point of production to the final consumers usually through wholesalers and retailers OR Is the bringing of goods and services to the notice of consumers using a number …

 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 tax system :- 1.The primary …

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 public goods.Public finance is also …