Transcription of Chapter 5Chapter 5 - NCERT
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Chapter 5Chapter 5 - NCERT
Chapter 5 Chapter 5 We introduced the government in Chapter one as denotingthe state. We stated that apart from the private sector,there is the government which plays a very important economy in which there is both the private sector andthe government is known as a mixed economy. There aremany ways in which the government influences economiclife. In this Chapter , we will limit ourselves to the functionswhich are carried on through the government Chapter proceeds as follows. In section wepresent the components of the government budget to bringout the sources of government revenue and avenues ofgovernment spending. In section we discuss the topic ofbalanced, surplus or deficit budget to account for thedifference between expenditures and revenue collection.
Chapter 5Chapter 5 GovernmenGovernmenGovernmen Budgett Budget Budget Budget Budget and the Economy We introduced the government in chapter one as denoting the state. We stated that apart from the private sector, there is the government which plays a very important role. An economy in which there is both the private sector and
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