definition-"public finance is one of those subjects which are on the borderline between economic and political" given by
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Dalton
Public finance is one of those subjects that lie on the borderline between economics and politics. It is concerned with the income and expenditure of public authorities and with the mutual adjustment of one another.
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It is given by Prof. Hugh Dalton.
Explanation:
- It is concerned with the revenue and expenses of public authorities as well as their mutual adequacy.
- One of the topics that straddles the lines between politics and economics is public finance.
- It is concerned with the public authorities' income and outlays as well as how they are balanced.
- To combat both inflation and deflation, the government makes use of public finance.
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