Government revenue from the groundnut industry is from
Answer Details
Government revenue from the groundnut industry comes from taxes. When individuals or businesses engage in the production, processing, or sale of groundnuts, the government collects taxes on their income or profits. These taxes may include income tax, corporate tax, sales tax, or value-added tax (VAT), among others. The government then uses the revenue generated from these taxes to fund public services and infrastructure, such as schools, hospitals, roads, and public utilities, among others. Therefore, taxes are a significant source of government revenue in the groundnut industry and other sectors of the economy.