Public finance is a specialized branch of economics that focuses on how to achieve social and economic objectives . Unlike private finance, which prioritizes individual or corporate profit, public finance is geared toward societal welfare , correcting market failures, and ensuring long-term economic stability. Core Components of Public Finance
The system of public finance operates through four primary interconnected pillars: Public Finance - Types, Objectives & Components - Navi Public Finance
The Architecture of Public Finance: Managing the Wealth of Nations Public finance is a specialized branch of economics