What is public finance? Discuss its scope
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it is the study of role of government in the economy
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Here is ur answer mate!! ☺☺
∞ According to prof. Dalton “public finance is one of those subjects that lie on the border lie between economics and politics. It is concerned with income and expenditure of public authorities and with the mutual adjustment of one another.
∞ According to Adam Smith “public finance is an investigation into the nature and principles of the state revenue and expenditure”
∞ The scope of public finance may be summarised as under:
1. Public Revenue
2. Public Expenditure
3. Public Debt
4. Financial Administration
5. Economic Stabilisation
∞ According to prof. Dalton “public finance is one of those subjects that lie on the border lie between economics and politics. It is concerned with income and expenditure of public authorities and with the mutual adjustment of one another.
∞ According to Adam Smith “public finance is an investigation into the nature and principles of the state revenue and expenditure”
∞ The scope of public finance may be summarised as under:
1. Public Revenue
2. Public Expenditure
3. Public Debt
4. Financial Administration
5. Economic Stabilisation
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