shortcomings of traditional approach
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Answer: Approach to Budgeting - Budgeting ...
The Disadvantages of the Traditional Approach to Budgeting. Don't limit your budget to a list of income and expenses. ... A traditional budget basically tells you how much money you have to spend and whether you can afford to save for something special or need to cut back your spending.
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Shortcomings of the traditional approach :
- The traditional approach does not consider scientific facts in the study of political science. Because it believes that for studying political science the scientific facts cannot support in assist.
- They have limited scope to relate theory and research. They are also normative in nature, compared to another approach which are way better in this aspect.
The traditional approach is further subdivided into four major categories namely philosophical approach, Historical approach, Institutional approach, and Legal approach.
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