Public expenditure/Related Articles

See also changes related to Public expenditure, or pages that link to Public expenditure or to this page or whose text contains "Public expenditure".

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Index

See the related articles subpage to the article on economics [1] for an index to topics referred to in the economics articles.

Parent topics

• Economics [r]: The analysis of the production, distribution, and consumption of goods and services. ^[e]
• Politics [r]: The process by which human beings living in communities make decisions and establish obligatory values for their members. ^[e]
• Macroeconomics [r]: The study of the behaviour of the principal economic aggregates, treating the national economy as an open system. ^[e]

Related topics

• Public goods [r]: Products and services that can only be collectively financed because it is not feasible to require individual users to pay for using them. ^[e]
• Fiscal policy [r]: Policy concerning public expenditure, taxation and borrowing and the provision of public goods and services, and their effects upon social conduct, the distribution of wealth and the level of economic activity. ^[e]
• Taxation [r]: The transfer of resources from the community to the government. ^[e]
• National debt [r]: The external obligations of the government and public sector agencies (otherwise known as national debt or government debt). ^[e]
• Multiplier effect [r]: ^[e]

Glossary

• Adverse selection [r]: a partial market failure that occurs when there are traders who take advantage of asymmetric information, raising uncertainty and leading to a reduction in the value of its products. ^[e]
• Asymmetric information [r]: a situation in which a seller has information that is not available to potential buyers - or vice-versa. ^[e]
• Crowding out [r]: A fall in private sector investment resulting from an increase in government borrowing. ^[e]
• Externality [r]: A cost of production that is not borne by the producer, or a benefit that the producer does not receive. ^[e]
• Flexible prices [r]: The property of a market in which prices act rapidly to bring supply into equality with demand (see supply and demand). ^[e]
• Gini coefficient [r]: A number between 0 and 1 denoting the degree of inequality of income in a community, defined as the area between the Lorenz curve and the diagonal divided by the area under the diagonal. ^[e]
• Gini index [r]: A Gini coefficient expressed as a percentage. ^[e]
• Impossibility theorem [r]: The proof that it is impossible to devise a rational democratic voting system that is guaranteed to produce a consistent set of preferences for a group from the preferences of the people in the group. ^[e]
• Lorenz curve [r]: A curve formed by plotting, on a cumulative basis, the amount of income received by members of a community against the number of individuals that receive that amount - so that inequality of income is indicated by departure from the 45 degree diagonal (sometimes applied to wealth). ^[e]
• Market power [r]: The ability of a supplier to exercise a degree of choice concerning the pricing of a product by restricting its supply: a measure of departure from the ideal of perfect competition in which every supplier is a price-taker ^[e]
• Perfect competition [r]: The property of a hypothetical market in which no producer or consumer has the power to influence prices, each producer and each consumer acts independently, all products have identical qualities that are known to everybody, and there are no barriers to entry (see competition). ^[e]
• Samaritan's dilemma [r]: Add brief definition or description
• Subsidy [r]: Add brief definition or description
• Transfer payment [r]: Add brief definition or description