Social Sciences, asked by mullamdhussain15, 10 months ago

explain the difference between private finance and Public Finance

Answers

Answered by mahi577

Explanation:

Both kinds of finances have broadly the same objective. Private finance is concerned with the maximization of individual welfare while public finance is concerned with the maximization of a community's welfare from given resources.

Answered by raotd

Answer:

There is a fundamental difference in the objectives of private finance and public finance. An individual is always guided by the profit motive and tries to increase his income and wealth for personal benefits whereas the objective of public finance is social benefit.

Explanation:

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