NON-ECONOMIC AND ECONOMIC BENEFITS IN DEFENSE Cover Image

NON-ECONOMIC AND ECONOMIC BENEFITS IN DEFENSE
NON-ECONOMIC AND ECONOMIC BENEFITS IN DEFENSE

Author(s): Arsen VARDANYAN
Subject(s): Politics / Political Sciences, Politics, Security and defense
Published by: Regional Department of Defense Resources Management Studies
Keywords: defense; economy; industry; innovation;

Summary/Abstract: It is estimated that a large portion of the country's state budget is allocated to the defense sector, which includes armament, equipment, maintenance, and development of the armed forces, as well as training troops and ensuring security. These expenditures can be even greater if external threats threaten the country's security or if the country needs to strengthen its defense system.In order to facilitate national defense, the defense sector plays a critical function in fostering stability and security within the country, which, in itself, prevents any potential wars or internal tensions that would otherwise adversely affect the economy. From a budgetary perspective, each dollar spent by the military is one that will not be spent on other public resources. Though the military itself does not manufacture material commodities, a secure environment aids in promoting economic growth by attracting investors and ensuring normal trade. This, in turn, contributes an impressive part to the economy, both economically and non-economically

  • Issue Year: 20/2025
  • Issue No: 1
  • Page Range: 269-274
  • Page Count: 6
  • Language: English
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