Define the National Security and Social Service States

question 76

Essay

Define the national security and social service states.Choose one,and explain why it acts as a barrier to reversing the size of the national budget.Which would be easier to reform?

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Definitions:

Transactional Approach

An accounting method focusing on the individual transactions and events that have a financial impact on a company, analyzing each separately.

Net Income

The total earnings or profit of a company after subtracting all expenses, taxes, and costs, indicative of the company's financial health over a specific time period.

Income Statement

A financial statement showing a company's revenues, expenses, and profits over a specific period, indicating financial performance.

Financial Statement

Documents that present the financial activities and conditions of a business or entity, including the balance sheet, income statement, and cash flow statement.