What Are The Expenditures Of The Government? Definition: Government expenditure refers to the purchase of goods and services, which include public consumption and public investment, and transfer payments consisting of income transfers (pensions, social benefits) and capital transfer. What are the three main expenditures of the government? The U.S. Treasury divides all federal spending into
How Does Economy Affect Democracy? Economic development may influence democracy in many ways. By tightening the revolution constraint, creating rising inequality or simply increasing the level of income in the society. … As democracies require certain political institutions, it is quite interesting that they do not have a high impact on economic growth. What factors
How Does Military Spending Affect The Economy? The economic cost of defense spending shows up in the national debt and in a dislocation of potential jobs from the private sector to the public. There is an economic distortion of any industry that the military relies on as resources are diverted to produce better fighter planes