Social balance

From Conservapedia
This is the current revision of Social balance as edited by DrSandstone (talk | contribs) at 17:46, May 15, 2007. This URL is a permanent link to this version of this page.
(diff) ← Older revision | Latest revision (diff) | Newer revision → (diff)
Jump to navigation Jump to search

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.