Economy, asked by vivan1933, 10 months ago

Explain the principle of maximum social advantage

Answers

Answered by ItzModel

2

Explanation:

The Principle of Maximum Social Advantage states that public finance leads to economic welfare when pubic expenditure & taxation are carried out up to that point where the benefits derived from the MU (Marginal Utility) of expenditure is equal to (=) the Marginal Disutility or the sacrifice imposed by taxation.

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