Government Purchases

Government Purchases

The money that a government spends procuring goods or services from the private sector. Examples include a local government hiring a company to repair a road or the national government buying artillery for the military. In Keynesian economics, government purchases are important for stimulating demand in times of economic downturn. That is, when no one will buy goods or services, Keynesian economics states that the government ought to do so in order to keep commerce going.
References in periodicals archive ?
Increases in transfer payments reduce long-run growth because they crowd out government purchases of productive goods and services.
GOVERNMENT PURCHASES, GOVERNMENT TRANSFERS, AND THE POST-1970 SLOWDOWN IN U.S. ECONOMIC GROWTH
In addition, Federal Government purchases will become a smaller component of GDP, investment a larger one.
Economic growth
A classic question facing macroeconomists is: How does an increase in government purchases affect the economy?
How does an increase in government purchases affect the economy?
A recent study points out that the average rate of Government purchases of goods and services was 3.
The Clintonomics trap
pa) requires all purchases to be announced in this system, thus allowing for more transparency and speed in government purchases.
New govt. procurement law
We don't know whether this increase in government purchases will really reflect in our sales," says Maria Angelica Sanchez, executive vice president at Asilfa, a Chilean pharmaceutical association.
Sound mind, sound body: Chile pays big bucks to keep diseases out and kids in school
com estimates the volume of government purchases through the agreement will be at least $3.
LEARN2.COM, BEYOND.COM PARTNER TO SELL LEARNING PRODUCTS TO GOVT. AGENCIES
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