Q what do you meant by deficitdeficit when a business, Ask an Expert

Economics

Q. What do you meant by Deficit?

Deficit: When a business, government or household spends more in a given period of time than they generate in income, they suffer a deficit. A deficit should be financed with new borrowing, or by running down previous savings.

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Microeconomics, Economics

Category:- Microeconomics
Reference No.:- M9579293

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