The principle of public expenditure which suggests government spending should benefit society as a whole rather than a small group is:

ACanon of Excess Profit

BLaw of Diminishing Marginal Returns

CPrinciple of Maximum Social Advantage

DPrinciple of Subsidiarity

Explanation

Hugh Dalton and Pigou formulated the Principle of Maximum Social Advantage: public expenditure and taxation should maximize net social benefit.

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