Examlex

Solved

There Are Two Major Types of Federal Grants-In-Aid for States

question 64

Essay

There are two major types of federal grants-in-aid for states and localities: categorical grants and block grants.Define each type and show how they are used.


Definitions:

Human Capital

Human capital represents the knowledge, skills, competencies, and attributes embodied in individuals that facilitate the creation of personal, social, and economic well-being.

Triple Bottom Line

An accounting framework that incorporates three dimensions of performance: social, environmental, and financial.

Economic

Pertaining to the production, distribution, and consumption of goods and services, as well as the management of money and resources in a region or country.

Social

Relating to society or its organization, or pertaining to human interactions and relationships.

Related Questions