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What is Public Finance: Concepts and Theories about?

This document provides an overview of public finance concepts including the key constituents of public finance such as public expenditure, public revenue, public debt, and public administration. It discusses the differences between public and private finance and summarizes three major theories of public finance: classical theory, Keynesian theory, and Musgrave theory. The classical theory focuses on full employment and the limited role of government. Keynesian theory rejects the idea of automatic full emplo

Author

Metoo Chy

Language

EN