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Nature and Scope of Public Economics
SUBJECT : Economics
PUBLISHED ON : 09/12/13
NUMBER OF PAGES : ( 8 Pages)
PRICE : Rs 6

Public Economics is an important branch of study of Economics. Earlier it was called Public Finance. The scope of public Economics is broader than the scope of Public Finance. India is a mixed economy. Both private sector and public sector co-exist. Therefore it is important to assign some areas to private sectors and some other areas to public sector. Government achieves its objectives through the public sector. In public sector economic activities and decisions are guided by social interest rather than individual interest. Public Economics is basically concerned with the public sector of the economy.

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