Question

Explain in detail about the role of public finance in national economy

Answer 1

Answer:

Public finance is the study of the role of the government in the economy.

It is the branch of economics which assesses the government revenue and government expenditure of the public authorities and the adjustment of one or the other to achieve desirable effects and avoid undesirable ones.

Answer 2

Public finance is the analysis of the state's position in the economy.

Explanation:

• It is the economics division that assesses public authorities 'tax income and budget expenditure, and adjusts one or the other to produce favorable results and prevent unfavorable ones.
• Public finance is essential to a nation's growth as it deals with the taxes and spending of numerous public organisations. It plays an important role in the procurement of the financial capital an country requires to accomplish its social welfare. These are taxes, spending, debt in the public sector, and so on.

Learn more about National economy:

What is national economy?​

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