Inflation is normally associated with a depreciation of country’s currency implying a decrease in purchasing power. It is not reflected by high prices but by the rise in the overall price level. The average rise in prices over a certain period of time is measured by taking a basket of goods used by people combined …
There are two major parts in public finance: revenue and government expenditure. Government expenditure is normally used to raise the aggregate demand in a country, improve income distribution, ensure economic stability as well as accelerating economic growth. Government expenditure can be classified into various categories with the major one being, current expenditure, capital expenditure and …
What is the Private Sector? The private sector is that part of a country’s economy that is owned and managed by private individuals or enterprises not associated with a country’s government. This sector is mainly dominated by businesses such as sole traders, small to medium enterprises, private companies and publicly traded companies. Financial institutions can …