objectives of governmentgovernment policies are
OBJECTIVES OF GOVERNMENT
Government policies are required in market economies to achieve certain goals. There are broadly two types of government policies viz;
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the economic costunemployment represents a terrible waste of resources and means that the economy is producing a lower rate of output than it could
remedies for unemploymentthe measures appropriate as remedies for unemployment will clearly depend on the type and cause of unemployment broadly
demand management policiesthese policies are intended to increase aggregate demand and therefore the equilibrium level of national income they
supply-side policiessupply-side policies are intended to increase the economys potential rate of output by increasing the supply of factor inputs
objectives of governmentgovernment policies are required in market economies to achieve certain goals there are broadly two types of government
the microeconomic objectives of governmentthese are the policies which are concerned with the allocation and distribution of resources to maximize
macro-economic policy objectivesthe major macro-economic policy objectives which the governments strive to achieve arei full employmentone of the
the budgetthe budget is a summary statement indicating the estimated amount of revenue that the government requires and hopes to raise it also
functions of the budgetthe budget fulfils three main functions to raise revenue to meet government expenditurethe government of a country provides
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