Class notes
Public Sector and Policies
- Course
- Institution
provide an depth note to you.. goodluck on your studies!
[Show more]
Seller
Follow
batrisyianasihah
Content preview
CHAPTER 9PUBLIC POLICIES
ECO415- PRINCIPLE OF ECONOMIC
Prepared by:
NORFATIHAH BINTI
ISAMAIL
, Public policies
1. fiscal policy
Sources of fiscal policy
tax and non-tax revenue
Government expenditure: operating and development*
Expansionary and contractionary fiscal policy
2. monetary policy
Monetary instruments*
Bank rate
Reserve requirement
Open market operation
Moral suasion
Expansionary and contractionary monetary fiscal policy
, ECONOMIC FUNCTIONS OF
GOVERNMENT
Government will adjust the allocation of resources to
alter the composition of the domestic output
Government will assist the private sector to ensure
economic stabilization by controlling unemployment
and inflation, which caused by business fluctuations
Governments will create a business environment,
which encourages competition among producers.
Governments will redistributed income and wealth
among population
Government will provide a legal framework and a
social framework for the effective operation of an
economy.
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller batrisyianasihah. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $6.39. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
76669 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now