This text gives an insight into public economy. It explains intergovernmental grants, their objectives, history and impact on economy.
According to Musgrave (1939), the public economy is comprised of three functions; stabilization, distribution and allocation. Accordingly, the government should be able to stabilize prices, avoiding excessive inflation and has to ensure full employment. Secondly, the government should see that the resources are allocated efficiently and finally the governments should also ensure socially accepted wealth levels and market access are maintained, if not maintained the wealth has to be redistributed. Apparently by doing this governments can and have to stabilize employment levels, prices, and economic growth.
Content
Public Economics
Intergovernmental Grants
Objectives of Intergovernmental grants
History of Intergovernmental Grants
Impact of Intergovernmental grants
Bibliography
- Citation du texte
- Murali Mg (Auteur), 2016, Public Economics and Intergovernmental Grants, Munich, GRIN Verlag, https://www.grin.com/document/342182
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