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Questions
What is meant by unproductive public debt?
What is meant by unproductive debt?
Explain the following:
Unproductive debt
One Line Answer
Solution
A debt is called unproductive if the loan is financed for war and other relief operations in case of emergency. Unproductive public loans are a net burden on the community. The government will have to resort to additional taxation for their servicing and repayment.
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Concept for Public Debt
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