Government Purchases
Definition of 'Government Purchases'Expenditures made in the private sector by all levels of government, such as when a government entity contracts a construction company to build office space or pave highways. |
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Investopedia explains 'Government Purchases'A component of Keynesian expenditures, government purchases can be used as a tool for a government to influence the business cycle and provide economic stimulation when it is deemed necessary. |
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