(a) Mention the modern perspective of the
scope of public finance.
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Explanation:
The scope of the public finance has been enlarged by the modern economists. There is no considerable difference between in the sum and substance of these various definitions all of them say that it is a study of income and expenditure of the central, state and local government.
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Answer:
The scope of Public Finance
The government earns income in two ways – tax income and non-tax income. ... This area studies methods of taxation, revenue classification, methods of increasing government revenue and its impact on the economy as a whole, etc.
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