Question

Write the differences between Public finance and Private finance. (for 10 marks)..​

Answer 1

♕︎ǫᴜᴇsᴛɪᴏɴ♕︎

Write the differences between Public finance and Private finance.

♕︎ᴀɴsᴡᴇʀ♕︎

In private finance, the individual's income and his/her expenditure is his /her own affair, and so it can be kept secret. Conversely, in public finance, the government uses public money, for providing public utility services, that is why it cannot be kept secret.

ᴘʟᴇᴀsᴇ ᴍᴀʀᴋ ᴛʜᴇ ᴀɴsᴡᴇʀ ᴀs ʙʀᴀɪɴʟɪsᴛ

Answer 2

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• In private finance, the individual's income and his/her expenditure is his / her own affair, and so it can be kept secret. Conversely, in public finance, the government uses public money, for providing public utility services, that is why it cannot be kept secret.