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What are ways that governments are different from households? How do these differences result in needing...

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Economics

What are ways that governments are different from households?How do these differences result in needing to treat governmentdeficits differently than households being in debt?

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Government is different from households because of the size The basic difference is the size ie the government needs to run the whole economy while the household is a single unit of few members The decisions of government leads to inflation unemployment or other such issues while the decisions of household affects just the members of it    See Answer
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