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Maximum Social Advantage PDF
Maximum Social Advantage PDF
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Department of Economics and Foundation Course, R.A.P.C.C.E
Marginal Social Sacrifice (MSS)
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Department of Economics and Foundation Course, R.A.P.C.C.E
Marginal Social Benefit (MSB)
Definition:
The benefit conferred on the society, by an additional
unit of public expenditure.
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Department of Economics and Foundation Course, R.A.P.C.C.E
Marginal Social Benefit (MSB)
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Department of Economics and Foundation Course, R.A.P.C.C.E
Marginal Social Benefit (MSB)
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Department of Economics and Foundation Course, R.A.P.C.C.E
Musgrave’s Views-
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Department of Economics and Foundation Course, R.A.P.C.C.E
Musgrave’s Views-
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Department of Economics and Foundation Course, R.A.P.C.C.E
Tests of MSA-
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Department of Economics and Foundation Course, R.A.P.C.C.E
Limitations of MSA-
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Department of Economics and Foundation Course, R.A.P.C.C.E
Limitations of MSA-
3. It ignores macro system-
Disutility caused to the tax-payer is micro problem,
whereas, marginal utility gained is a macro concept.