Question

The principle of maximum social advantage is the basic principle of _
1. Micro Economics
2. Macro Economics
3. Fiscal Economics
4. Environmental Economics​

Answer 1

Answer:

According to Dalton, the principle of maximum social advantage is the most fundamental principle lying at the root of public finance. ... The principle of maximum social advantage implies that public expenditure is subject to diminishing marginal social benefits and taxes are subject to increasing marginal social costs.