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individual consumption expenditure of general government

 

Definitions from the Web

Term: Individual Consumption Expenditure of General Government

Description: Individual Consumption Expenditure of General Government refers to the expenses incurred by the government on goods and services that directly benefit individuals or households. It signifies the portion of the government's overall expenditure that caters to personal consumption needs of the general public.

Sense 1: Noun - General government's expenses on personal consumption

Example sentence: The individual consumption expenditure of general government includes spending on healthcare services, education, and social welfare programs.

Sense 2: Noun - Measure of economic activity

Example sentence: The individual consumption expenditure of general government contributes significantly to the Gross Domestic Product (GDP) of the country.

Related Products:

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