Which of the following source of income is spectacular only to Government ?
Answer Details
The source of income that is spectacular only to the government is taxes.
Taxes are a mandatory payment that individuals and businesses must make to the government based on their income, profits, or other financial activities. These payments are typically used by the government to fund public goods and services such as infrastructure, education, and healthcare.
While businesses may benefit from the transfer of ownership, and individuals may receive bonuses and wages for their work, taxes are unique in that they are only collected by the government and are used exclusively for public purposes.
The government has the authority to enforce the collection of taxes through various methods, including fines and penalties for non-compliance, which makes it a powerful source of revenue that is only available to the government. Therefore, taxes are a spectacular source of income only to the government.