Eg vehicle license gun license vehicle here

Info iconThis preview shows page 1. Sign up to view the full content.

View Full Document Right Arrow Icon
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: cle License, Gun license. Vehicle Here, governmental authority confers a permission or Here, a privilege rather perform a service of a more tangible and definite sort. and 5 Public Revenue Various sources of Public Revenue: 4. Special Assessments: 4. Special "A compulsory contribution levied in proportion to the special "A benefit derived to defray the cost of a specific improvement to property undertaken in the public interest/" – Seligman property When the government undertakes certain activities of public When improvement like construction of roads, street lighting, irrigation and infrastructure etc, it confers, a benefit on the community as a whole. The state, therefore, may impose some special levy to recover a part of the expenses incurred. 5. Price: Price is derived by the government by selling some Price: goods and services of public enterprises like city bus, electricity, post and others. In this way, government also earns revenue from the production of commodities like steel and...
View Full Document

Ask a homework question - tutors are online