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Public Finance Versus Private Finance

Author

Listed:
  • AUREL IOAN GIURGIU

    (Faculty of Business, Babes-Bolyai University, Cluj-Napoca, Romania)

  • FLORIN SEBASTIAN DUMA

    (Faculty of European Studies, Babes-Bolyai University, Cluj-Napoca, Romania)

Abstract

The generic term of finance comprises a multitude of practical forms, apparently different not only from the targeted purpose, but also by the way of creating and using of the funds. However, finance is divided in two main forms: public finance and private finance. The public finance is trying to satisfy the common needs of the entire community which is administered by the constituted authority, while the private finance refers to the needs of a much more restrained community constituted through the voluntary association in lucrative purposes. In this paper we tried show the differences between the public and the private finance, their role and mechanism and which is the interdependency between them.

Suggested Citation

  • Aurel Ioan Giurgiu & Florin Sebastian Duma, 2010. "Public Finance Versus Private Finance," JOURNAL STUDIA UNIVERSITATIS BABES-BOLYAI NEGOTIA, Babes-Bolyai University, Faculty of Business.
    • Handle: RePEc:bbn:journl:2010_2_3_giurgiu
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    File URL: http://tbs.ubbcluj.ro/RePEc/bbn/journl/Negotia_2_2010.pdf
    File Function: Revised version, 2010
    Download Restriction: no
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    More about this item

    Keywords

    finance; public finance; policy; public revenues; public spending; financial policy;
    All these keywords.

    JEL classification:

    • E69 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Other

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