Finance and the social services

  title={Finance and the social services},
  author={Timothy Byrne and Colin Frank Padfield},
This chapter discusses finance and the social services. The national income of any country is the value of what that nation produces in a year. It is the equivalent of what everyone receives in income from wages, profits, rentn or interest over the 12-month period. Some is spent on goods and services, such as buying tanks or paying the wages of civil servants, soldiers, and local government staff. The rest, over 40%, is simply transferred to people for them to spend. The social services have… CONTINUE READING

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