Elaborate the objective of allocation of resources in the Government budget.Discuss
briefly how the Government budget can be used as an effective tool in the process of
employment generation with an example
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Government can influence allocation of resources through taxes, subsidies and expenditure.
- By imposing taxes at higher rates, it can discourage those occupations which are not beneficial to society
- By giving subsidies, it can encourage certain industries which are beneficial to people.
- By opening public undertakings in fields where the private sector is shy of investing, it can promote public utility services.
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