What is the significance of concurrent powers?

Answer 1

Concurrent Powers are powers shared by the federal and state governments. Some of the concurrent powers enjoyed by both the federal and state governments are: the power to tax, make roads, protect the environment, create lower courts and borrow money.

Answer 2

Concurrent powers give both the federal government and the state government responsibility over issues. The two governments aren't working together, they are just able to do the same things.