how taxes affect economy on the long run
Taxation is play a very important role in the management of every economy and must be designed in a way that everyone contributed to the national development To ensure the economy productive and sustainable, is to expand trade and to create jobs to all citizens. Consultation with various stakeholders need proper reviews to ensure tha the new regime when implemented would reflect the country economic management priority. Economic activity reflects a balance between what people, businesses, and governments want to buy and what they want to sell. In the short run, demand factors loom large. In the long run, though, supply plays the primary role in determining economic potential. Our productive capacity depends on the size and skills of the workforce; the amount and quality of machines, buildings, vehicles, computers, and other physical capital that workers use; and the stock of knowledge and ideas. Incentives By influencing incentiv...
