English

Public expenditure is incurred by the ______. - Economics

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Question

Public expenditure is incurred by the ______.

Options

  • government authorities

  • people

  • Both government authorities and people

  • Neither government authorities nor people

MCQ
Fill in the Blanks

Solution

Public expenditure is incurred by the government authorities.

Explanation:

Public expenditure refers to the spending carried out by government authorities at different levels (local, state, or national) to provide public services, infrastructure, defence, education, healthcare, etc. The government manages and carries it out in order to serve society's needs and promote economic growth.

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Chapter 11: Public Expenditure - Exercise [Page 183]

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Goyal Brothers Prakashan Economics [English] Class 10 ICSE
Chapter 11 Public Expenditure
Exercise | Q 1. | Page 183
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