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Taxation Taxation is the most important source of revenue for the government. Taxation is the simply the act of levying taxes. A tax is a compulsory charge or payment imposed by government on individuals or corporations/businesses. The individuals or entities which are…
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Public Revenue This is one of the branches of public finance. It deals with the various sources from which the state might derive its income. These sources include incomes from taxes, commercial revenues in the form of prices of goods and services…
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The five parts of a financial system Money: A commodity which is used as a means of payment for exchanging goods or services. The US they use the US dollars as legal tender. In Uganda the Uganda Shilling is legal tender (as…
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MONETARY POLICY The monetary policy has either positive or negative influence on the money multiplier and ultimately money supply. This will depend on whether reserve requirements are raised or lowered. If the reserve requirements are raised, the value of reserve ratio will…
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Inflation Inflation refers to the continuous rise in the general price level in the economy. It is not just persistent rise in the price level of one commodity. Inflation is a sustained increase in the average price level of a country. The…
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