The Significance of Economic Resource Deficit. Journey to Praxeology

• Main Author: Doina IACOB
• Format: Article
• Language: English
• Published: Dunarea de Jos University of Galati 2017-12-01
• Series: Annals of Dunarea de Jos University. Fascicle I : Economics and Applied Informatics
• Online Access: http://www.eia.feaa.ugal.ro/images/eia/2017_3/Iacob.pdf

Each type of institutionally-functional entity involves the use of resources to perform these functions whatever they are.Each family,each territorial unit,each national community-state and, more recently, each mission of nation-states need special resources,formed and sized in different ways, on which they spend some purposes.In other words,all these entities have income and expenses,better said,they are required to make a number of expenses that support the incomes obtained.The unit of income and expenses budgets shall be made in different types:family budgets,budgets of administrative territorial units,public budgets,state budgets,the European Union budget, etc.