Question

what is public finance? Describe range
of public finance.(10 marks) (150 words)​

Answer 1

Answer:

Public finance is the study of the role of the government in the economy. It is the branch of economics that 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

Answer:

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Pᴜʙʟɪᴄ ғɪɴᴀɴᴄᴇ ɪs ᴛʜᴇ sᴛᴜᴅʏ ᴏғ ᴛʜᴇ ʀᴏʟᴇ ᴏғ ᴛʜᴇ ɢᴏᴠᴇʀɴᴍᴇɴᴛ ɪɴ ᴛʜᴇ ᴇᴄᴏɴᴏᴍʏ. Iᴛ ɪs ᴛʜᴇ ʙʀᴀɴᴄʜ ᴏғ ᴇᴄᴏɴᴏᴍɪᴄs ᴛʜᴀᴛ ᴀssᴇssᴇs ᴛʜᴇɢᴏᴠᴇʀɴᴍᴇɴᴛ ʀᴇᴠᴇɴᴜᴇ ᴀɴᴅ ɢᴏᴠᴇʀɴᴍᴇɴᴛᴇxᴘᴇɴᴅɪᴛᴜʀᴇ ᴏғ ᴛʜᴇ ᴘᴜʙʟɪᴄ ᴀᴜᴛʜᴏʀɪᴛɪᴇs ᴀɴᴅ ᴛʜᴇ ᴀᴅᴊᴜsᴛᴍᴇɴᴛ ᴏғ ᴏɴᴇ ᴏʀ ᴛʜᴇ ᴏᴛʜᴇʀ ᴛᴏ ᴀᴄʜɪᴇᴠᴇ ᴅᴇsɪʀᴀʙʟᴇ ᴇғғᴇᴄᴛs ᴀɴᴅ ᴀᴠᴏɪᴅ ᴜɴᴅᴇsɪʀᴀʙʟᴇ ᴏɴᴇs.

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