Guns-and-butter definition

The economic policies of a government or society, considered in light of the percentage of resources allocated to military uses as opposed to the percentage allocated to other, nonmilitary spending, as for social welfare.
phrase
6
1
The definition of guns and butter is an economic policy decision of whether a country is more interested in spending money on war or feeding their people.

An example of guns and butter is Denmark taking care of their people, rather than being involved in war.

noun
0
0
Advertisement