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There is a wide gap between …

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There is a wide gap between the rich and poor in our economy. How can the government's budget be used, as an instrument, to reduce this gap? Explain

Posted by Sunny Garg 6 years, 11 months ago

CBSE > Class 12 > Economics

1 answers

Shaurya Agarwal 6 years, 11 months ago

Government will use fiscal tools such as subsidy and taxation(progressive taxation) in order to reduce the gap between rich and poor. Government will impose tax from rich people and then give subsidy to the poors or to those who helps in increasing GDP of india. The name of this objective of government budget is "redistribution of income and wealth"

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