The first clear formulation of a theory of public expenditure which can give a positive interpretation was presented by poter krut Wicksell and Esik Lindahl. In this formulation, individuals bargain over the level of public goods supply, simultaneously with the distribution of the cost between them. The bargaining equilibrium is Pareto optimal. In addition, each individual pays a price in [...]
Here is a compilation of essays on ‘Debt’ for class 9, 10, 11 and 12. Find paragraphs, long and short essays on ‘Debt’ especially written for school and college students. Essay on Debt Essay Contents: Essay on the Introduction to Debt Essay on the Types of Debt Essay on the Economic Effects of Deficit and Borrowers Essay on the Effect [...]
Tax policy plays two important roles in financing economic development. One is to maintain an economy at a higher employment level so that the saving capacity of the people is raised with an increase in income per head. The second is to raise the marginal propensity to save of the community as far above the average propensity to the maximum [...]