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प्रश्न
What is Wagner's Law?
संक्षेप में उत्तर
उत्तर
Wagner's law is referred to as the law of increased state spending. It was supplied by Adolph Wagner, a German economist. According to the law, the growth of an industrial economy will be followed by a rise in the proportion of public spending in GDP. According to Wagner's law, a welfare state emerges from free market capitalism when the people vote for an increase in social services.
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