Dalton's Principle of Maximum Social Advantage Public Finance

Introduction ↓
The 'Principle of Maximum Social Advantage' was introduced by British economist Hugh Dalton.According to Hugh Dalton, "Public Finance" is concerned with income & expenditure of public authorities and with the adjustment of one with the other.Image Credits © Motoyen.
Budgetary activities of the government results in transfer of purchasing power from some individuals to others.