ICSE Class 10 Answered
Explain any one significant role of public finance.
Asked by Topperlearning User | 27 Apr, 2015, 01:40: PM
Expert Answer
Public finance plays a dynamic role in the economy. It is very significant for the allocation of productive resources to maximise the national output. Public sector makes certain provisions for social wants such as defence, railways, park, law and order, etc. Apart from the process of revenue and expenditure of the government, it is used to allocate the total resources of the community among private and social goods.
Answered by | 27 Apr, 2015, 03:40: PM