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What are the difference between wagners Law and Parkingsons law?

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What are the difference between wagners Law and Parkingsons law?

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Step 1

Both the Wagner’s law and Parkinson’s law are two different laws of economics where Wagner’s law is related to “the law of increasing state (government) spending” and Parkinson’s law is related to the “Work expands to fill the time available for its completion”. 

Step 2

Wagner’s law is named after the famous German economist Adolph Wagner who by his observation in different nations found that the public spending rises constantly when the income growth expands. Furthermore, this law states that the development of an industrial economy is associated and accompanied by a rise in the...

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