Asked by Queenstar Barfi on May 01, 2024
Verified
The government raises revenue through taxation to pay for the services it provides.
Taxation
A system through which governments finance their expenditure by imposing charges on citizens and corporate entities.
- Identify the major sources of government revenue and their significance.
Verified Answer
IA
ifreelance academicMay 07, 2024
Final Answer :
True
Explanation :
The government collects taxes from individuals and businesses, which is a primary source of revenue used to fund public services and infrastructure.
Learning Objectives
- Identify the major sources of government revenue and their significance.
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