Question: Give one (1) function, Manifest Positive Function. For example, To reform the outdated Tax policy of the country with a rationalized tax system. Give one

  1. Give one (1) function, Manifest Positive Function. For example, To reform the outdated Tax policy of the country with a rationalized tax system.
  2. Give one (1) function, Latent Positive Function. For example, It forces consumers to make more practical changes in their spending patterns due to the increase in the tax rates of some consumer products.
  3. Give one (1) dysfunctions, Manifest Negative Consequence. For example, Inflationary effect because the cost of certain products increased as their tax rates were increased.
  4. Give one (1) dysfunctions, Latent Negative Consequence. For example, Adversely affects some industries(like sugar) because of the eventual preference for lower taxed substitutes.

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