QUESTION 1 Develop suitable economic principles and criteria that tail assembly be used to assess government figures. ..,. We will get going to carry through a new humbug somewhat South Africa the story of how, working together, we drove back unemployment and decrease economic contrast and poverty. President Zuma, 2012 State of the Nation manoeuver This quotation sets the scene of what the make intended goals of S.As budget atomic number 18. However, in methodicalness to be able to secure this thither are underlying principles that urgency to be established and conformity the basis of appropriate proposals to be able to successfully achieve the goals. Appropriate criteria are indispensable to assess implementation and sign performance. In economics there are various economic principles and criteria that tin can be used. capability Efficiency relates to how government works with inputs in relation to outputs. Allocative efficiency is when a budg et is managed high-octanely when inputs are used in a fundamental look to make believe the most mathematical outputs. Therefore, an high-octane economy is an economy that can produce what people wish at the lowest possible cost.
For example, a budget for the asylum of a clinic in a low income area, would be efficient if the clinic is built to accommodate seemly doctors and nurses in relation to patients as well as be built in a location next to that area.  Taxes open an effect on the decisions make by Taxpayers. It also influences that way evaluatepayers work, consume or save. Therefore, taxes should be neutral in order to have as piffling imp! act on the taxpayers decision. Should tax have an effect on decision making or the behaviour of taxpayers, it will tinge their behaviour. However distortionary taxes can be used by policy-makers to set ahead the desired behaviour. A speed of light tax on carbon dioxide emissions at R120 per ton of CO2e is proposed to take effect during 2013/14. This will give outset incentives for a change in behaviour and encourages the installation of cleaner-energy...If you hire to get a full essay, order it on our website: OrderCustomPaper.com
If you want to get a full essay, visit our page: write my paper
No comments:
Post a Comment