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What is public finance in its normative aspect? - Economics

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What is public finance in its normative aspect?

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उत्तर

According to the normative perspective, the fundamental principle of public finance is economic welfare. Thus, the normative side is concerned with social welfare since, through its fiscal operations, the government transfers funds from rich to poor individuals in order to achieve social welfare.

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अध्याय 9: Introduction to Public Finance - Exercise [पृष्ठ १६४]

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गोयल ब्रदर्स प्रकाशन Economics [English] Class 10 ICSE
अध्याय 9 Introduction to Public Finance
Exercise | Q 6. | पृष्ठ १६४
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