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principal of maximise social advantage
Related: Private financing, Public finance
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principal of maximise social advantage Related: Private financing, Pu...
According to Hugh Dalton – The best system of Public Finance is that which secures the maximum social advantage from its fiscal operations. He propounded the Principle of Maximum Social Advantage and stated the following:
:-Government should collect money and spend it to maximize the welfare of people
:-When taxes are imposed, dis-utility is created and when expenditure is done, utility is created.
:-Government must adjust its revenues & expenditures in such a way that the surplus of utility is maximum and dis-utility is minimum.
:-Government should collect money and spend it to maximize the welfare of people
:-When taxes are imposed, dis-utility is created and when expenditure is done, utility is created.
:-Government must adjust its revenues & expenditures in such a way that the surplus of utility is maximum and dis-utility is minimum.
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principal of maximise social advantage Related: Private financing, Public finance
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principal of maximise social advantage Related: Private financing, Public finance for B Com 2024 is part of B Com preparation. The Question and answers have been prepared according to the B Com exam syllabus. Information about principal of maximise social advantage Related: Private financing, Public finance covers all topics & solutions for B Com 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for principal of maximise social advantage Related: Private financing, Public finance.
principal of maximise social advantage Related: Private financing, Public finance for B Com 2024 is part of B Com preparation. The Question and answers have been prepared according to the B Com exam syllabus. Information about principal of maximise social advantage Related: Private financing, Public finance covers all topics & solutions for B Com 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for principal of maximise social advantage Related: Private financing, Public finance.
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