Economics · Taxation and GST
After the implementation of the Goods and Services Tax (GST), inter-state trade in India increased significantly. What economic concept does this best represent?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Public-private partnership
- 2Fiscal decentralization
- 3Market integration and reduction in transaction costs✓
- 4Fiscal federalism
Correct answer
Market integration and reduction in transaction costs
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