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Unformatted text preview: cle License, Gun license.
Here, governmental authority confers a permission or
a privilege rather perform a service of a more tangible
and definite sort.
5 Public Revenue
Various sources of Public Revenue:
4. Special Assessments:
"A compulsory contribution levied in proportion to the special
benefit derived to defray the cost of a specific improvement to
property undertaken in the public interest/" – Seligman
When the government undertakes certain activities of public
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
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...
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- Winter '12
- The Land