It will be difficult to institute fiscal policy in a stabilizing manner because politicians will find budget deficit more attractive during recession.
<h3>What is budget deficit?</h3>
Budget deficit occur when the government spending or expenditure is more than the revenue.
It will be hard to institute fiscal policy based on the fact that politicians will find budget deficit more attractive during recession in which on the other hand they will be unwilling to run budget surplus when their is an expansion.
Therefore they will find budget deficit more attractive during recession.
Learn more about budget deficit here:brainly.com/question/26010226
#SPJ1
Debit is the best payment type
Answer:
Petty Cash
Explanation:
The fundamental principle of accounting is credit the giver and debit the receiver. In this instance petty cash is giving out money to Office Supplies, Shipping, Postage and Delivery expense
Answer:
A set of factors (analogous to cost drivers) that are particularly effective in having a strong differentiation effect
Explanation:
Value drivers refers to the value addition to a product or a service by a firm, which drive customers towards purchasing such products. Such additions also help distinguish a firm's own products from those of the competitors.
Value drivers could be in the form of using superior latest technology or creation of better brand awareness, etc. Such drivers also help the firm attain a competitive advantage over it's rivals.
Competitive advantage refers to possession of some unique resource or skill, which is hard to be replicated by the rival firms and which helps such a firm gain a competitive edge in the industry. For example, highly skilled workforce.
A firm strives to add more and more of such value drivers so as to gain competitive advantage in as many business spheres as possible and realize it's business goals effectively.
