Question

Key difference between public finance and private finance

Answer 1

Public finance :
(1) Income adjusts according to expenditure
(2) Can borrow both internal and external
(3) Controls currency wholly

Private finance :
(1) Expenditur adjusts according to income
(2) Can borrow external
(3) Has no right on currency

Answer 2

public finances -;
can borrow both internal and external . it controls currency.

private finance.
can borrow only external . has no right in currency.