economy

definition of collection

The concept of collection means in general terms the act of putting something together, collecting elements or objects for a specific purpose. In more limited terms, the word collection is used in most cases to refer to the act of gathering monetary elements, whether in the form of bills, coins or others, in order to make them available to the current ruler, who must administer them. on behalf of the people. The prerogatives that this or those rulers have with respect to what has been collected varies from region to region as well as from historical period to historical period, and today must be something much more controlled than in other times.

Collection can be, on the one hand, the act of collecting or collecting, for example, taxes or fees that are placed on certain products, activities or elements. At the same time, the collection is the amount collected from that collection act.

The concept of collection is usually accompanied by the fiscal adjective, which gives us the idea that it is a type of collection that is carried out with the objective that a specific government of a region pool the necessary resources to provide that region of the benefits or investments needed. The collection is organized in each region in a particular way, but in general there are different hierarchies or fiscal figures that may have higher or lower amounts to pay than others depending on the activity they carry out, the profits they obtain, etc.

The problem with tax collection is that it is always a method of power for the governments of the day since it means having a certain amount of money for discretionary use and although there are methods to control its administration, corruption with respect to this type of money is very common. The fundraising idea can also be applied to spaces such as a business, a company, or even private spaces such as family or a private event with friends.

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