Deficit spending in economics and finance

Hello, students! Today, we embark on an exciting journey into the realm of economics and finance. Our focus? Deficit spending. But before we dive into its intricacies, let's establish a foundation. Deficit spending, in simple terms, refers to a situation where a government, organization, or individual spends more money than they earn or receive in a given period. It creates a deficit, which is often financed through borrowing or printing money.