What Is National Debt In Economics,And Why It is Important
Introduction to Economics

What Is National Debt In Economics,And Why It is Important

National  debt refers to borrowing by a Government from within the country or from abroad. It may from private individuals or association of individuals or from bank borrowing and non­banking financial institutions. Borrowing by public authority is a modern practice.It is also renowed as goverment debt, publich debt and soveriegn debt. Types Of National Debt Domestic debt. Foreign debt. Domestic…

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