Government spending

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  • Created by: Lottie
  • Created on: 30-04-12 09:45

WHY DO WE NEED GOV SPENDING?

  • Redistribution of Y & wealth: it is the aim of social security- provide basic minimum Y to reduce Y inequalities-safety net for those who face unemployment
  • Regulation of economic activities: gov intervines so that there is no economic activites that adverselyy affect public  interest e.g…

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