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10th Class Chapter No 10 - Public Finance in Economics for ICSE

Public finance is the study of the role of the government in the economy. 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. The purview of public finance is considered to be threefold: governmental effects on efficient allocation of resources, distribution of income, and macroeconomic stabilization.
Posted in 10th on February 13 2019 at 03:29 PM

ICSE 10th CLASS Economics OTHER CHAPTERS

  • 10th-class economics Chapter 13

    Modern governments need to borrow from different sources when current revenue falls short...
  • 10th-class economics Chapter 12

    Public expenditure is spending made by the government of a country on collective needs and...
  • 10th-class economics Chapter 11

    Public Revenue is an important concept of Public Finance. It refers to the income of the...
  • 10th-class economics Chapter 9

    A central bank is an independent national authority that conducts monetary policy, regulates...
  • 10th-class economics Chapter 8

    Commercial bank is a financial institution which performs the functions of accepting deposits...
  • 10th-class economics Chapter 7

    Inflation is a situation of persistent and appreciable rise in prices, leading to fall in...
  • 10th-class economics Chapter 5

    A market is a place where two parties can gather to facilitate the exchange of goods and...
  • 10th-class economics Chapter 4

    Introduction Supply refers to the quantity of a commodity offered for sale in the market at a...
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    Demand can be classified as elastic, inelastic or unitary. An elastic demand is one in which...
  • 10th-class Economics Chapter 14

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