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Public Expenditure and Economic Growth
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agricultural amount analysis average basis benefits budgetary burden capacity capital formation cent commodity taxes consumer consumption corporation tax crores deficit financing demand developed countries direct taxes distribution of income economic development economic growth effect efficiency elasticity equal equilibrium equity factors federal Finance Commission fiscal policy full employment funds Further grants Harrod-Domar model implies important imposed incentives income tax increase India indifference curve industries inequality inflation inflationary interest rate investment Keynesian Keynesian economics labour loans marginal cost marginal rates marginal utility maximise ment mixed economies monetary multiplier national income output perfect competition Plan principle private sector production profits programmes progressive tax public debt public enterprises public expenditure Public Finance public sector raise rate of growth reduce revenue rise sacrifice saving shifting spending stabilisation supply tax incidence tax system taxation taxpayer Theory underdeveloped countries wealth welfare