Reallocation of resources-Government budget
Describe the Reallocation of resources objective of the government budget.
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Through Budgetary policy the government directs the assigning of resources in a way such that there is a balance among goal or of gain maximisation and social welfare. The Government can give subsidy and reduction in tax rate to motivate investment into regions where private sector initiative is not coming. Production of goods that are injurious to social life is discouraged via heavy taxation.
Marginal physical product: It refers to the addition build to the total product.
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A perpetuity is a: (w) financial asset which provides its owner eternal life. (x) perpetual motion machine which lasts forever. (y) bond which pays its owner an annual income forever. (z) profitable share in an established corporation. Discover Q & A Leading Solution Library Avail More Than 1436680 Solved problems, classrooms assignments, textbook's solutions, for quick Downloads No hassle, Instant Access Start Discovering 18,76,764 1930663 Asked 3,689 Active Tutors 1436680 Questions Answered Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!! Submit Assignment
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