Question

explain the allocation of resources objective of budget​

Answer 1

$\huge \underline \bold \red {AnSwer :-}$

• Government aims to allocate resources to maintain a balance between maxisation of welfare as well as profits
• Private sector of economy usually ignores social welfare.
• Government budget allows the government to intervene in the economy so as to increase social welfare.

Answer 2

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$\huge\bf{Question}$

explain the allocation of resources objective of budget.

$\huge\bf{Answer}$

↪Government aims to allocate resources to maintain a balance between maxisation of welfare as well as profits.

↪Private sector of economy usually ignores social welfare. Government budget allows the government to intervene in the economy so as to increase social welfare.

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