we use the word fiscal year, which is related to economy please tell me what is the word fiscal actually mean
2007-03-10 23:29:05 · 5 answers · asked by Anonymous in Social Science ➔ Economics
Fiscal means financial -- usually the collection of revenues and the process of making expenditures. With respect to economics, it usually means the finances of government -- either the federal government or a state or local government.
For example, fiscal policy is a branch of economics that studies the behavior of various levels of government. The idea is to understand what effect the finances of the government are having on other aspects of the economy -- through its tax rates or through its expenditures.
Hope that helps.
2007-03-11 00:21:24 · answer #1 · answered by Allan 6 · 0⤊ 0⤋
Fiscal comes from the word fisc which means "purse". Take Fiscal Policy for example. Fiscal Policy involves how our government manages its "purse" and how this impacts economic conditions. The tools of Fiscal Policy include the tax and spend policies of the government. Taxes go into the purse and spending goes out of the purse.
2007-03-11 03:26:16 · answer #2 · answered by econgal 5 · 0⤊ 0⤋
Fiscal=Financial. A Fiscal year is a the length of time that a business plan is executed. Some places it is July-June.
2007-03-10 23:38:50 · answer #3 · answered by F T 5 · 0⤊ 1⤋
Inventory, year end. Like our office is called Fiscal Comptrollership. because we audit government expenses for year-end annual report.
2007-03-10 23:33:52 · answer #4 · answered by wilma m 6 · 0⤊ 1⤋
TAX - or money (theirs or yours)
2007-03-10 23:32:16 · answer #5 · answered by Anonymous · 0⤊ 0⤋