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T3 ECONOMICS CH1 Tax and its Importance — Social Science STD 7 — Question

Tamilnadu BoardEnglish MediumSTD 7Social ScienceT3 ECONOMICS CH1 Tax and its Importance1 Mark
Question
Why taxes are imposed?
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Answer

  • For the welfare of the society, the government has to perform various functions so it requires revenue.
  • The main source of revenue is tax.

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