difference between public and personal finance
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Difference between Private and Public Finance. ... is
The upcoming discussion will update you about the differences between private and public finance. 1. The pattern and volume of expenditure of an individual is influenced by his total resources — income and wealth — but in case of government expenditure determines income.
Public finance is the finance sector that deals with the allocation of resources to meet the set budgets for government entities. This branch of economics is responsible for the scrutiny of the meaning and effects of financial policies implemented by the government. This sector examines the effects and results of the application of taxation and the expenditures of all economic agents and the overall economy....
Private Finance can be classified into two categories the personal finance and business finance. Personal finance deals with the process of optimizing finances by individuals such as people, families and single consumers. A great example is an individual financing his/her own car by mortgage. Personal finance involves financial planning at the lowest individual level. It includes savings accounts, insurance policies, consumer loans, stock market investments, retirement plans and credit cards....
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