B Com Exam > B Com Videos > Public Finance > Principle of maximum social advantage,Public finance
Principle of maximum social advantage,Public finance Video Lecture | Public Finance - B Com
|
37 videos|35 docs|15 tests
|
FAQs on Principle of maximum social advantage,Public finance Video Lecture - Public Finance - B Com
| 1. What is the principle of maximum social advantage in public finance? |  |
Ans. The principle of maximum social advantage is a concept in public finance that suggests making decisions and allocating resources in a way that maximizes overall social welfare or benefit. It involves considering the collective well-being of society as a whole rather than focusing solely on individual interests.
| 2. How does the principle of maximum social advantage influence public finance decisions? | |
Ans. The principle of maximum social advantage influences public finance decisions by guiding policymakers to choose policies or projects that yield the greatest overall benefit to society. It requires analyzing the costs and benefits of various options and selecting the one that maximizes social welfare, even if it may not be the most advantageous for certain individuals or groups.
| 3. What factors are considered when applying the principle of maximum social advantage? | |
Ans. When applying the principle of maximum social advantage, several factors are typically considered. These may include the distribution of benefits and costs across different segments of society, the long-term impact on economic growth and development, the efficiency of resource allocation, and the promotion of social equity and fairness.
| 4. How does the principle of maximum social advantage relate to taxation and public spending? | |
Ans. The principle of maximum social advantage is closely related to taxation and public spending. In taxation, it suggests designing tax systems that minimize distortions and maximize overall welfare, taking into account factors such as equity, efficiency, and the ability to pay. When it comes to public spending, the principle emphasizes allocating resources to projects or programs that generate the highest social return on investment.
| 5. What are some challenges in applying the principle of maximum social advantage in public finance? | |
Ans. Applying the principle of maximum social advantage in public finance can pose several challenges. One challenge is accurately measuring and quantifying the costs and benefits associated with different policy options. Additionally, determining the appropriate weight or priority to assign to different societal objectives can be subjective and contentious. Political factors and conflicting interests among various stakeholders can also complicate the application of this principle.
Related Exams
About this Video
|
1.5K Views |
|
4.81/5 Rating |
|
Nov 16, 2024 Last updated |
Video Description: Principle of maximum social advantage,Public finance for B Com 2024 is part of Public Finance preparation.
The notes and questions for Principle of maximum social advantage,Public finance have been prepared according to the B Com exam syllabus.
Information about Principle of maximum social advantage,Public finance covers all important topics for B Com 2024 Exam.
Find important definitions, questions, notes, meanings, examples, exercises and tests below for Principle of maximum social advantage,Public finance.
Introduction of Principle of maximum social advantage,Public finance in English is available as part of our Public Finance for B Com & Principle of maximum social advantage,Public finance in
Hindi for Public Finance course. Download more important topics related with notes, lectures and mock test series for
B Com Exam by signing up for free.
Description
Video Lecture & Questions for Principle of maximum social advantage,Public finance Video Lecture | Public Finance - B Com - B Com full syllabus preparation | Free video for B Com exam to prepare for Public Finance.
Information about Principle of maximum social advantage,Public finance
Here you can find the meaning of Principle of maximum social advantage,Public finance defined & explained in the simplest way possible.
Besides explaining types of Principle of maximum social advantage,Public finance theory, EduRev gives you an ample number of questions to practice Principle of maximum social advantage,Public finance tests,
examples and also practice B Com tests.
|
37 videos|35 docs|15 tests
|
|
Explore Courses for B Com exam
|
|
Signup for Free!
Signup to see your scores go up within 7 days! Learn & Practice with 1000+ FREE Notes, Videos & Tests.
Related Searches
past year papers
,study material
,Free
,mock tests for examination
,Public finance Video Lecture | Public Finance - B Com
,practice quizzes
,Public finance Video Lecture | Public Finance - B Com
,Viva Questions
,Extra Questions
,video lectures
,Public finance Video Lecture | Public Finance - B Com
,Semester Notes
,Principle of maximum social advantage
,Objective type Questions
,shortcuts and tricks
,Sample Paper
,Principle of maximum social advantage
,Important questions
,Exam
,ppt
,Previous Year Questions with Solutions
,Summary
,Principle of maximum social advantage
,MCQs
;
Study Principle of maximum social advantage,Public finance on the App
Students of B Com can study Principle of maximum social advantage,Public finance alongwith tests & analysis from the EduRev app,
which will help them while preparing for their exam. Apart from the Principle of maximum social advantage,Public finance,
students can also utilize the EduRev App for other study materials such as previous year question papers, syllabus, important questions, etc.
The EduRev App will make your learning easier as you can access it from anywhere you want.
The content of Principle of maximum social advantage,Public finance is prepared as per the latest B Com syllabus.
|
© EduRev
|
Education Revolution
|
Follow Us
|
Signup to see your scores
go up within 7 days!
Access 1000+ FREE Docs, Videos and Tests
Takes less than 10 seconds to signup