concept   deficit
culture   economics
statement   A deficit occurs when expenses exceed income, leading to potential debt.
2 similar statements
# Concept Culture Statement Freq.
1 deficit economics In economics and business, a deficit is often considered a negative financial situation where expenses exceed income, leading to a shortfall. 1
2 deficit economics In economics and finance, a deficit is often seen as a financial shortfall where expenses exceed revenues, leading to debt or negative balance. 1