Identify the aspect of taxation which is related to normative economics ........

Economics- Phase (I & II) Monetary and Fiscal Policy

Download Solution PDF

Identify the aspect of taxation which is related to normative economics

Incidence of tax

Effect of tax on the capacity willingness to work

Equity of tax

None of the above

छोटे Courses बड़े Results

Master Monetary and Fiscal Policy

Prepare through Micro-courses

Try Now

Explanation:

The aspect of taxation which is related to normative economics is Equity of tax.The equity of a tax system speaks to whether the tax burden is distributed fairly among the population. The ability to pay principle states that the amount of tax an individual pays should be dependent on the level of burden the tax will create relative to the wealth of the individual.