Explain how Taxation as fiscal policy instrument can help in the following: 1. Economic Development 2. Full
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Question:
Explain how Taxation as fiscal policy instrument can help in the following:
1. Economic Development
2. Full Employment
3. Price Stability
4. Control of Cyclical Fluctuations
5. Reduction of BOP Difficulties
6. Non-Revenue Objective
The decision to change the level, composition or timing of government expenditure or to vary the burden, the structure or frequency of the tax payment is a fiscal policy. Fiscal policies could be automatic stabilizers or discretionary.
Required: Explain automatic stabilizers and discretionary fiscal policies.
Related Book For
Supply Chain Management Strategy Planning and Operation
ISBN: 978-0133800203
6th edition
Authors: Sunil Chopra, Peter Meindl
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