Difine maximum social advantage
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Financial activities of the government have a significant impact on the production, consumption, distribution and income pattern of a country. ... Government should collect money and spend it to maximize the welfare of people.
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Explanation:
Principle of Maximum Social Advantage – Public Finance. Financial activities of the government have a significant impact on the production, consumption, distribution and income pattern of a country. ... Government should collect money and spend it to maximize the welfare of people.
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