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Distinguish between developmental and non-developmental expenditure. |
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Answer» Solution :1. `ul("Developmental expenditure")` directly CONTRIBUTES to development of the economy WHEREAS, `ul("non-developmental expenditure")` does not directly contributes to development, but it lubricates the wheels of economic development. 2. `ul("Developmental expenditure")` is PRODUCTIVE in nature as it adds to the FLOW of goods and services, whereas, `ul("non - developmental expenditure")` is not concerned with productivity of the working class. |
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