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Military Organization: Defence Economics by John Diaz





Article Author Biography
Military Organization: Defence Economics by
Article Posted: 09/04/2012
Article Views: 524
Articles Written: 25
Word Count: 120
Article Votes: 0
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Military Organization: Defence Economics


 
Government,Science & Technology,Current Affairs
More commonly referred to as defence economics, military economics is the financial and monetary efforts done to resource and sustain militaries and for financing military operations including war.

The process of allocating resources is conducted by determining a military budget (“military expenditure”), also known as a “defense budget,” the amount of financial resources dedicated by an entity, most often a nation or a state, to raising and maintaining an armed forces, which is administered by a military finance organization within the military. Military procurement is then authorized to purchase or contract provision of goods and services to the military, whether in peacetime at a permanent base or in a combat zone from local population.

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