Governmental auction of the taxes in kind of a particular district to the highest bidder was known as _________.

Question

Quizplus · Accepted Answer

Tax-farming is the correct answer because it refers to the practice where the government auctions off the right to collect taxes in a particular area to an individual or a group, who then has the responsibility to collect those taxes. The term "tax-farming" accurately describes this process, where the "farmer" (the bidder who wins the auction) pays the government a fixed sum for the right to collect taxes and aims to collect more than this sum in order to make a profit.

Governmental Auction of the Taxes in Kind of a Particular