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Question
Which of the following government factors are determined by the degree and extent of production, employment and income?
Which of the following government factors are determined by the degree and extent of production, employment and income?
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Solution
The correct option is A Revenue
In the current situation, the government is obliged to participate in the social and economic life of the people. Public revenue is the basis of public expenditure. Hence, the degree and extent of production, employment and income in a country determines the government revenue.
Revenue
In the current situation, the government is obliged to participate in the social and economic life of the people. Public revenue is the basis of public expenditure. Hence, the degree and extent of production, employment and income in a country determines the government revenue.
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