Public Economics and Intergovernmental Grants

A brief literature review

Essay , 2016 , 16 Pages , Grade: A

Business economics - Economic Policy

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

• College: University of South Florida (PG Business School)
• Course: Msc Healthcare and Public Administration
• Grade: A
• Author: Murali Mg (Author)
• Publication Year: 2016
• Pages: 16
• Catalog Number: V342182
• ISBN (eBook): 9783668323056
• ISBN (Book): 9783668323063
• Language: English
• Tags: economics, public economics, policy making, Intergovernmental grants, Public policy