the public sector sector in the economy (Relationship between Government…
the public sector sector in the economy
study of the nature, principals and economic consequences of expenditure, taxation, and financing and the regulatory actions undertaken by the non-profit-making government sector of the economy.
decision making areas
2 views on the role of government
public interest/collectivist view.
the combination is a development state
power to pursue
composition of the public sector
Relationship between Government and Private sectors
Government is a supplier of public goods and services
Size of Government exerts an important influence on private sector flow
PPP’s – private sector delivers in response to Government orders
Government financing – affects allocation of resources, particularly the budget deficit