Public Finance Policy
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A Public Finance Policy is a government policy that affects an Economy.
- Example(s):
- Counter-Example(s):
- See: Market Failure, Government Failure, Government, Banking System.
References
2013
- http://en.wikipedia.org/wiki/Public_finance
- Public finance is the study of the role of the government in the economy.[1] It is the branch of economics 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.[2]
The purview of public finance is considered to be threefold: governmental effects on (1) efficient allocation of resources, (2) distribution of income, and (3) macroeconomic stabilization.
- Public finance is the study of the role of the government in the economy.[1] It is the branch of economics 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.[2]
- ↑ Gruber, Jonathan (2005). Public Finance and Public Policy. New York: Worth Publications. pp. 2. ISBN 0-7167-8655-9.
- ↑ Jain, P C (1974). The Economics of Public Finance. http://books.google.com/?id=L2AhEMv7qeoC&pg=PA2&dq=Public+finance+definition.