Difference between revisions of "Social balance"
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(New page: Social balance is an economic term for optimum allocation of the resources of a society among the public and private sectors. The public sector is responsible for merit goods such as ...) |
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| − | Social balance is an economic term for optimum allocation of the resources of a society among the public and private sectors. The public sector is responsible for [[merit goods]] such as libraries, some | + | '''Social balance''' is an [[economics|economic]] term for optimum allocation of the resources of a society among the public and private sectors. The public sector is responsible for [[merit goods]] such as [[library|libraries]], some [[hospital]]s and the [[military]]. The private sector is responsible for producing other goods such as [[food|groceries]] and [[computer]]s. |
[[Category:Economics]] | [[Category:Economics]] | ||
Latest revision as of 17:46, May 15, 2007
Social balance is an economic term for optimum allocation of the resources of a society among the public and private sectors. The public sector is responsible for merit goods such as libraries, some hospitals and the military. The private sector is responsible for producing other goods such as groceries and computers.