Difference between revisions of "Crowding out"
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Revision as of 00:39, 1 June 2020
Crowding out is when government borrowing soaks up available financial capital and leaves less for private investment in physical capital.
Definition
According to Principles of Economics by Timothy Taylor (3rd edition),
- Crowding out. When government borrowing soaks up available financial capital and leaves less for private investment in physical capital.
