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Explain the Difference Between Forward and Backward Shifting of a Tax

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Explain the difference between forward and backward shifting of a tax.


Definitions:

Latent Content

In psychoanalytic theory, the hidden psychological meaning of dreams, as opposed to the manifest content or the literal storyline of the dream.

Manifest Content

The apparent and remembered content of a dream, as distinguished from its hidden or symbolic meanings, according to Freudian psychology.

Poetic

Relating to or characteristic of poetry, including qualities of aesthetic beauty, emotional expression, and rhythmic language.

Realistic

Pertaining to or representing conditions and situations as they actually are, often used to describe a practical and pragmatic approach to problems.

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