The Significance of Economic Resource Deficit. Journey to Praxeology

Doina Iacob
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Doina Iacob: Dunarea de Jos University of Galati, Romania

Economics and Applied Informatics, 2017, issue 3, 219-225

Abstract: Each type of institutionally-functional entity involves the use of resources to perform these functions whatever they are.Each family,each territorial unit,each national community-state and, more recently, each mission of nation-states need special resources,formed and sized in different ways, on which they spend some purposes.In other words,all these entities have income and expenses,better said,they are required to make a number of expenses that support the incomes obtained.The unit of income and expenses budgets shall be made in different types:family budgets,budgets of administrative territorial units,public budgets,state budgets,the European Union budget, etc.

Keywords: Budget deficit; Units; Public; Economic resource deficit; Journey to praxeology (search for similar items in EconPapers)
Date: 2017
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