Definition Of Public Revenue In Economics

Public revenue occupies an important place in the study of public finance.

Definition of public revenue in economics. Public enterprises the central government owns a large number of commercial and industrialestablishments. The champions of laissez fair philosophers would not consider profit form public enterprises as normal source revenue whereas the social ist writers would regard such profit as a fruitful source of revenue. Dalton provides a very systematic comprehensive and instructive classification of public revenue. Classification of public revenue given by writers on public finance reflects their prejudice in regard to the functions of the state.

Government public revenue government revenue is money received by government. They are the charges imposed on persons as a punishment for contravention of a law. A survey produced quarterly by the census bureau that provides estimates of total operating revenue and percentage of revenue by customer class for communication key. Public finance is the science or the branch of economics which deals with the revenues and expenditures of government and with the administration of such revenues and expenditures.

It is an important tool of the fiscal policy of the government and is the opposite factor of government spending. Introductory remarks on the nature of public finance. The government has to perform several functions for the welfare of the people. Public finance implies a branch of economics which is concerned with government activities and the various sources of financing expenditure basically it deals with government revenue expenses and debt as well as its impact on the entire economy.

The main purpose of these is not to raise revenue from the public but to force them to follow law and order of the country. Revenues which are derived by the government from public enterprises by selling their goods and services are also. It is the most significant type of public revenue in modern times. Non tax revenue has 12percentshare in the total revenue of central government.

2 commercial revenue or prices the price is the payment of goods and services sold to them by the government. For example fares and freights charged by the railways or roadways for transport services or electricity charged paid by citizens for electricity consumption etc. The expected revenue from his sourcein2010 11 is 11 percent 1. Definition of public finance.

The government also earns revenue from the production of commodities like steel oil life saving drugs etc. When the earn profits it will become the revenue of the centralgovernment. These revenues express an element of state sovereignty.