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Public economics

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meaning and scope of public economics

Sohamsengupta8 14th Dec, 2021

Hello Student

The meaning of public economics is the study of government policy through the lens of economic efficiency and equity. Provides a framework of thinking whether a government should take part in  economic market and what extent it do so. The scope of

Public economy is based on the the tool of social welfare economy of the society. Used for as a tool to improve the the quality and service to the social welfare. This public economics depicts the host of things like market failure, im perfect competition, creation and implementation of government policy .

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