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Form 4 Business Studies online lessons on public finance
Form 4 Business Studies online lessons on public finance.
Meaning of public finance and what it comprises of
The purpose of public finance
Sources of public finance:internal sources of public finance
External sources of public finance.
Public debts:internal borrowing and external borrowing
Classes of public or national debt
Categories of government expenditure
Principles of public or government expenditure
Definition of tax and purposes or reasons for government to impose tax
Factors that determine the amount of money raised through taxation
Principles of a good taxation system
The meaning of impact and incidence of tax
Classification of taxes
Definition and examples of direct taxes
Merits or advantages of direct taxes
Disadvantages of direct tax
Definition and examples of indirect taxes and reasons why import duty is taxed on imported goods
Advantages or merits of indirect tax
Demerits or disadvantages of indirect tax
What is a progressive tax?
Advantages of progressive tax
Disadvantages of progressive tax
Definition of a proportional tax with an example