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From Pearltrees2
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Keynes theory: he was a british economist who proposed that Governmentsshould use fiscal and monetary measures to mitigate the adverse effects of business cycles, economicrecessions, anddepressions.
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During economic depression government should play a major role forincreasing the spending and decreasing the taxes and this should becompensated during the period of expansion
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Monetary –to control the money supply
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and fiscal policy –to be used for filling up the deficiet and increase the govtexpenditure
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Government would borrow money in the form of a debt and use this moneyfor expenditure
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This debt would be repayed in the form of higher taxes at the time of booming period which according to the author was not right
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Introduction of Goods and Service tax from April 2010 would benefit theentire corporate industry as it would bring uniformity and reduce cost andtedious procedures for people
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Government is also focusing on convenient process of direct taxes
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Increase in demand for consumer goods by 29% according to IIP
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Due to increase in government outlays for payouts, transfers and socialoverhead capital;
private consumption can be safely expected to beincreased.
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Due to
rising investment
there is
increase in demand for the capitalgoods
of 00
Increase in Demand for Consumer Goods by 29
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| Upload Date: | 07/25/2009 |
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