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 [...]
In this article we will discuss about deficit financing as an instrument of economic development. Deficit financing was originally advocated to deal with a situation of depression in the advanced countries. Now this situation differs from that of the underdeveloped countries in that in the advanced countries both unemployed labour and all the productive capacity which goes with it are [...]