Internal economies of scale arise due to: MCQ with Answer and Explanation

Explanation:
Indian fiscal federalism involves constitutional division of tax bases between the Centre and States, with the Finance Commission recommending the sharing of divisible taxes and grants.

Explanation:
Rent-seeking is the pursuit of benefits through manipulation rather than productive activity.

Explanation:
A positive externality confers benefits on third parties. Vaccination protects not only the individual but also reduces the spread of disease to others.