Examlex
The official language of Akbar's administration was
Crowding-Out Effect
The phenomenon where increased government spending leads to a reduction in private sector spending, often due to higher interest rates.
Government Spending
Refers to the total expenditure incurred by the government on various goods, services, and projects to fulfill its economic and social objectives.
National Income
The total income earned by a country's people and businesses, including wages, profits, and rent, over a specific period.
Crowding-Out Effect
The phenomenon where increased government spending leads to a reduction in private sector spending and investment, due to higher interest rates or other factors.
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