Military Spending

Definition

Military spending refers to the financial resources allocated by a nation for maintaining and strengthening its military forces. This includes expenditures on personnel, operations, equipment, and facilities.

Analogy

Think of military spending like your monthly budget for groceries. Just as you allocate money for different types of food (fruits, vegetables, meat), a country allocates funds for various aspects of its military (personnel salaries, weapons development, training exercises).

Related terms

Defense Budget: The portion of the national budget that is set aside for all defense-related activities.

Arms Race: A competition between nations to achieve or maintain superiority in the number and power of weapons held.

War Economy: An economy which is directly geared towards supporting a current war effort. It often involves increased industrial production and innovation.