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Public Economics can broadly be understood as that Economics which deals withpublic intervention in the economy. Its domain is supposed to encompass rationalefor public intervention as well as manner, approaches, mechanisms, forms,processes and instruments whereof. Term ‘public' has a restricted meaning: itnormally connotes government, as such, at all levels as well as public bodies, that is,bodies floated by the government at any level. Term ‘public' may also refer,in certain cases such as public choice, to the people in general, which are supposed toparticipate in a democratic process of electing political representatives and options related to political/social/economic spheres. It doesn't however connoteany collectively of people, which isn't mandated by government, irrespective ofits size.
The essence of a national boundary is separate the ‘self' from the ‘other'. Thus natural boundaries, like all institutions have their own set of internal rules which govern their
It has been accepted to most policy and development economists that among the most important sets of institution in an economy are those that provide for enforcement of contracts.
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Discuss whether high indirect taxes are the best way to discourage smoking.
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what is multinational? how can they help developing economies?
What is the link between efficiency wages and shirking? There are two firms A and B identical in all respects except the following. In firm A increased expenditure on monitoring co
The international monetary fund and the World Bank are the main lending financial institutions that give assistance to developing nations in the restoration of their economy. Wh
Q. What can we do then while aiming at the public policy? From the above, one task emerges immediately, that is of quantifying all economic and non economic effects of a certa
Suppose a given demand curve for massage therapy services. In the context of giving massage therapy services, list, and explain in detail, 5 different variables that may cause an i
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