In which of the following categories, public expenditure does not promote economic development?
On welfare measures
On economic and social infrastructure
On heavy and basic good industries
On defence
Expenditure on defence does not promote economic development as it is a non-developmental expenditure.
Govenment raises its expenditure on producing public goods. Which economic value does it reflect? Explain.
For the socio economic development of any region and development of basic infrastructure which of the following factor is important?