Question

What is the only objective of private finance?

Answer 1

Explanation:

The main objective of private finance is to manage the finances in such a way which helps in earning maximum profit. As against, the primary objective of public finance is the welfare of the general public.

Answer 2

Answer:

• The primary goal of private finance is to conduct financial management that maximises profit. In contrast, the general public's welfare is the fundamental goal of public finance.
• In a private financing initiative, the private company instead of the government bears the first financial burden. The public is subsequently given a lease on the project, and the governing body pays the private corporation yearly rent.
• The ability to ensure that a firm functions without any financial hitches, such as running out of cash, while at the same time ensuring that money are secure and wisely invested for long-term advantages, is the importance of finance in business.