Wagner's Hypothesis | Law of Increasing State Activities | Public Finance | English and Malayalam

Wagner's law of state , is known as the law of increasing state spending, is a principle named after the German economist Adolph Wagner (1835–1917). He first observed it for his own country and then for other countries. The theory holds that for any country, public expenditure rises constantly as income growth expands. The law predicts that the development of an industrial economy will be accompanied by an increased share of public expenditure in gross national product.

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Wagner’s Hypothesis | Law of Increasing State Activities

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[harinin]

Thank you for sharing sir .. It helped me a lot

[karunakaranr]

Sir..can u explain about Collin clerk expenditure theory