Economy, asked by tabassumfaruki769, 1 month ago

What is meant by maximum social advantage?

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Answered by subha2007293

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Answer:

The Principle of Maximum Social Advantage states that public finance leads to economic welfare when public 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.

Answered by stuti512

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