How do small countries make money?
Some small countries have become wealthy from tourism or tax-free trading, but these activities are sensitive to international exchange rates and the economies of other countries. Also, few small nations have sufficiently convenient geographic positions to enable them to earn money in this way.
How does the government make money?
The federal government collects revenue from a variety of sources, including individual income taxes, payroll taxes, corporate income taxes, and excise taxes. It also collects revenue from services like admission to national parks and customs duties.
What are the 5 major sources of revenue for the government?
The 5 major sources of revenue for the Government are Goods and Services Tax (GST), Income tax, corporation tax, non-tax revenues, union excise duties .