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Sunday 30 June 2013
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PUBLIC FINANCE


Public finance-also known as fiscal economic or public sector economics, or simply public economics- determines the destiny of the development of a nation. Public finance is a field of economics with playing for collective or governmental activities. Public finance is a part of economics. Public finance is the study of the role of the government in the economy. It is the definitive branch of Economic which 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. The proper role of government provides a starting point for the analysis of public finance. In theory, under certain circumstances, private markets will allocate goods and services among individuals efficiently (in the sense that no waste occurs and that individual tastes are
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