Adam Smith, the founder of modern economics, remarked in The Wealth of Nations (1776) concerning the balancing
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Adam Smith, the founder of modern economics, remarked in The Wealth of Nations (1776) concerning the balancing of budgets, ‘What is prudence in the conduct of every private family can scarce be folly in that of a great kingdom.’ What problems might there be if the government decided to follow a balanced budget approach to its spending?
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Related Book For 
Essential Economics For Business
ISBN: 9781292728940
7th Edition
Authors: John Sloman, Elizabeth Jones
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