Public expenditure refers to the spending by government on goods, services, and obligations. It plays a crucial role in an economy by influencing the distribution of resources, stabilizing the economy, and promoting social welfare. The importance of public expenditure lies in its ability to ____________, such as providing public goods, supporting vulnerable populations, and investing in infrastructure and education. A) Increase private investment B) Address market failures C) Decrease government intervention D) Privatize public services
Public expenditure refers to the spending by government on goods, services, and obligations. It plays a crucial role in an economy by influencing the distribution of resources, stabilizing the economy, and promoting social welfare. The importance of public expenditure lies in its ability to ____________, such as providing public goods, supporting vulnerable populations, and investing in infrastructure and education.
A) Increase private investment
B) Address market failures
C) Decrease government intervention
D) Privatize public services
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