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- Study guides, Revision notes & Summaries
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Economics N5 prelim revision guaranteed A
What is public sector expendature? ️️Spending by centeral goverment, local government and
public corporations
What is capital expendature ️️Spending on long term projects, this helps to create productive
capacity (e.g building hospitals )
What is current expendature ️️This covers day to day running costs of government (e.g the pay of
public sector workers)
What is a transfer payment ️️A payment to an individual or firm for w...
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