Public economics involves studying and analysis pertaining to the government polices in an economy, while keeping in consideration the concept if optimality, efficiency and social equity. It helps in providing the basic framework for formulating policies for the public. In addition to this, public economics is also useful at all other levels of public policy including, regulation, market intervention, taxes, price ceilings, so on and so forth. This subject specifically pays attention to areas such as market failures, positive and negative externalities, formulation and execution of government policies. Public economics aims to provide maximum welfare to its citizens. Problems that come under the domain of public economics are fiscal policies, merger between city and suburb, pollution, population, standard of living, maintenance of local infrastructure, housing, quality of public services, et al.
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- Role Of Public Finance
- Criteria For Social Choice Rules
- Bureaucrats And Allocative Efficiency Model
- Principles Of Taxation
- Effect Of Taxation On Price And Output
- Taxation And Work Effort
- Taxation And Savings/Consumption
- Taxation And Financial Investment
- Macro-Economic Effect Of Fiscal