public Finance?

Question

what are the function of public finance in the economy

Answer 1

Public finance is the raising of capital, usually through the raising of government bonds or measures funded by tax/tarriffs/fees. This contrast to private financing, where the profit motive (e.g. rate of return, equity position) determines whether or not a project gets financing.

Public finance generally finances those projects that benefit the public, are natural monopolies (e.g. power utilities) or should not be in the realm of private industry (e.g. police, military, judicial systems). For example, roads, schools, sports facilities, parks, educational programs, ports, airports and sewers all are typically financed through government bonds or tax measures.

Answer 2

Public finance generally finances those projects that benefit the public, are natural monopolies (e.g. power utilities) or should not be in the realm of private industry (e.g. police, military, judicial systems). For example, roads, schools, sports facilities, parks, educational programs, ports, airports and sewers all are typically financed through government bonds or tax measures.

Answer 3

Public Finance is deals on the role of govt. in the economy of public. The function of public finance is considered on the three holding parameters that govt. effects on as

1. Efficient allocation of resources
2. Distribution of Income
3. Deals with the performance, behavior & decision making of an economy.

Answer 4

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Answer 5

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