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Difference between Proportional Tax and Progressive Tax
Tweet In one liner Progress tax is the tax with the increasing tax rate on different slabs and Proportional tax is of fixes rate tax to all slabs. If the…
Merits and Demerits of Islamic Economic System
Tweet Islam provides a complete and simple economic system which is the best alternative for both capitalism and socialism. It has the good things of both without sharing the evils….
Poverty Causes and Solutions
Tweet Poverty has many causes and most of these are nearly same all around the world. Inadequate infrastructure, health and education deprivation, corruption and political unrest are some common causes…
Capitalism – Merits and Demerits
Tweet Capitalism is the most common and modern social system, widely acceptable by advance economies. This system advocates for the principle of individual rights. The basic philosophy behind is “economic…
Merits and Demerits of Socialism
Tweet Socialism is a social and economic system refers to common ownership over the mean of production of state. It is believed that socialism is a system evolved against the…
Correction of Balance of Payments
Tweet Correction of Balance of Payment is a long term objective. Economies need strong and consistent steps to handle deficit Balance of Payment. BOP comprises of current account, capital account,…
Principles of Taxation or Cannons of Taxation
Tweet An obligation on people and businesses of a country by the government is called taxation. Since ancient times, governments have been collecting revenues form their population in different forms….
Functions of Commercial Banks
Tweet The functions of commercial banks are ever increasing with changing demands and emerging technology. Commercial banking has a vast scope and increasing function day by day. Functions of commercial…
Direct and Indirect Taxes—Merits and Demerits
Tweet Direct Taxes All taxes paid directly to state authorities by the taxpayer are direct taxes, income tax, wealth tax, corporation taxes are the examples of direct taxes. These types…
Balance of Trade and Balance of Payment
Tweet Balance of trade and balance of payment are two commonly used terms in international economics. These terms are different but related to each other as Balance of trade is…
