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When are deficits necessary?

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Anonymous

16y ago
Updated: 2/24/2020

deficits are shortages that are caused by unwise spending. When one incurs deficit, he/she needs to borrow money to pay for the needs that are provided for in his/her budget. Unplanned purchases not included in the budget brings about deficits. It is poor management of one's resources.

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Wiki User

16y ago

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