Asked by
Vernae Kinglocke
on Nov 05, 2024
Verified
Government failure occurs when the government runs a budget deficit.
Budget Deficit
A situation where a government's expenditures surpass its revenues within a specific fiscal period, leading to borrowing or debt accumulation.
- Acquire an understanding of the failure within governmental systems and its causative factors.
Verified Answer
SH
Learning Objectives
- Acquire an understanding of the failure within governmental systems and its causative factors.