Public Sector Finance Terminology Distinction between automatic stabilisers & discretionary fiscal policy Automatic stabilisers:?these are?automatic fiscal changes?as the economy moves t...
Progressive, Proportional & Regressive Taxes Tax systems can be classified as progressive, proportional or regressive Most countries have a?mix?of progressive?(direct taxation)?& regressive...
Capital Expenditure, Current Expenditure & Transfer Payments Public expenditure?(government spending)?represents a significant portion of the?aggregate demand (AD)?in many economies. The expend...
Key Functions of Central Banks Central Banks play a vital role in?maintaining stability?in the financial system. Additionally, the?policy tools?at their disposal help to meet Government economic ob...
Market Failure in the Financial Sector Market failure?in financial markets has far reaching consequences. The Global Financial Crisis of 2008 highlighted the interdependence & fragility of the ...
Role of Financial Markets Financial markets?are any place or system that provides buyers & sellers the means to exchange goods/services & trade?financial instruments These include bonds, eq...
Market-orientated Strategies Market-orientated strategies?are strategies that?create the conditions?for private individuals & firms to pursue economic activity with the aim of?maximising profit...
Economic Factors That Influence Growth & Development Data shows that?economic growth?has a very positive impact on?economic development In most cases?growth precedes development, but his is not...
Measures of Development Economic development?is the sustainable increase in living standards for a country, typically characterised by increases in life span, education levels, & income There a...
Inequality Income & wealth inequality are two different concepts Income inequality?refers to the unequal distribution (flow) of income to households i.e rent, wages, interest & profit Wealt...
Absolute & Relative Poverty Absolute poverty?is a situation where?individuals cannot afford?to acquire the?basic necessities?for a healthy & safe existence These necessities include shelter...
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