What's budgeting for? Both importantI just got the topic for a G.D , in college ...
I just wanted to know some points of you guys ..
SO WHAT DO YOU THINK COUNTRIES SHOULD HAVE TO SPEND THEIR MONEY ON INFRASTRUCTURE RATHER THAN ON DEFENCE
Weird, I came up with the same thoughtI don't see infrastructure and something exclusive of defense.
I just got the topic for a G.D , in college ...
I just wanted to know some points of you guys ..
SO WHAT DO YOU THINK COUNTRIES SHOULD HAVE TO SPEND THEIR MONEY ON INFRASTRUCTURE RATHER THAN ON DEFENCE
Point is you need to favour one tropic and win the debate.Ok lets take a case when India was golden bird, we had lot of money, but our defences were not strong, so people came to steal our wealth.
So IMHO it should be judicious mix of both, not in 50:50 but where the need for infrastructure for economic development is balance with need to protect infrastructure and the country.
exactly , the points which all you gays are saying are conclusion points . I have to support one from INFRA or DEF and then defend my position.....Point is you need to favour one tropic and win the debate.
In macroeconomics, the guns versus butter model is an example of a simple production possibility frontier. It demonstrates the relationship between a nation's investment in defense and civilian goods. In this example, a nation has to choose between two options when spending its finite resources. It can buy either guns (invest in defense/military) or butter (invest in production of goods), or a combination of both. This can be seen as an analogy for choices between defense and civilian spending in more complex economies.
The "gun or butter" model is generally used as a simplification of national spending as a part of GDP. The nation will have to decide which balance of guns versus butter best fulfill its needs, with its choice being partly influenced by the military spending and military stance of potential opponents. Researchers in political economy have viewed the trade-off between military and consumer spending as a useful predictor of election success.[1]
This model does not typically correlate well with free market economies.[2]