While calculating national income and similar questions. I found the one factor mentioned as indirect taxes and subsidies too. So I want to understand this. The word is taken from class 12th Economics NCERT solutions.
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While calculating national income and similar questions. I found the one factor mentioned as indirect taxes and subsidies too. So I want to understand this. The word is taken from class 12th Economics NCERT solutions.
Indirect taxes raise the market prices of goods and services. And subsidies reduces the market prices.