Examlex
Budget preparation is a part of the planning process.
Business Cycle
The fluctuations in economic activity that an economy experiences over a period of time, characterized by periods of boom and recession.
Marginal Propensity
Marginal propensity, in economics, refers to the fraction of an increase in income that is spent on consumption. It represents the change in consumption resulting from a change in income.
Government Spending
This refers to the total expenditure by government agencies on goods, services, and public works.
Demand for Goods
The desire, willingness, and ability of consumers to purchase goods at a given price over a specific time period.
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