Question
Distinguish between tax and price.
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Answer
Difference between tax and price
$\bullet$Tax is a compulsory contribution to be paid by every citizen upon whom it is imposed. And it does not guarantee any benefit.
$\bullet$Price is to be paid by the persons who purchases goods and services provided by the government. It is the direct payment for using special services.
$\bullet$Tax is a compulsory contribution to be paid by every citizen upon whom it is imposed. And it does not guarantee any benefit.
$\bullet$Price is to be paid by the persons who purchases goods and services provided by the government. It is the direct payment for using special services.
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