This article talks about an overview to public finance, further explanation will be discussed later on separate article.
1. Public Finance Definition
What is Public Finance? Public Finance/Public Sector Economics/Public Economics is the field of economics that analyzes government taxation and spending policies and their influence on the allocation of resources and distribution of income.
Public finance economics both analyze actual policies and develop guidelines for government activities. In the latter role, economist are influenced by their attitudes toward the role of government in society.