describe the 'Promotion of Economic Growth' objective to the government budget
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The objective of the Government budget is always focused on promoting rapid and balanced economic growth or development with equality and social justice.
Economic growth - To promote rapid and balanced economic growth so as to improve the living standards of people. Promotion of Economic growth implies increasing the capacity of the economy to produce more goods and services.
Economic stability - The government can bring economic stability through the control of fluctuation of general prices of goods and services in the country, taxes and expenditures. For example when there is inflation ( continuous rising of prices of goods and services ) the government can control it's expenditure to ensure that the prices are stable and affordable to people.
Economic growth - To promote rapid and balanced economic growth so as to improve the living standards of people. Promotion of Economic growth implies increasing the capacity of the economy to produce more goods and services.
Economic stability - The government can bring economic stability through the control of fluctuation of general prices of goods and services in the country, taxes and expenditures. For example when there is inflation ( continuous rising of prices of goods and services ) the government can control it's expenditure to ensure that the prices are stable and affordable to people.
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*Definition: Promotions refer to the entire set of activities, which communicate the product, brand or service to the user. The idea is to make people aware, attract and induce to buy the product, in preference over others. ... Sales promotion is a part of the overall promotion effort. *
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