Question

If budgetary deficit is nil and borrowings and other liabilities are 70 crore, what is the amount of fiscal deficit ?

Answer 1

Answer:

Public goods are those goods and services for which consumption by some individuals does not reduce the amount available to others.

For example parks,roads,water,bridges,national defense etc..

these goods are non-rival and non-excludable ones.

people receives benefits from public goods but do not pay for them.Such a goods can only prepared by government.