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PUBLIC FINANCE EXPLAINED  – Is the study of how the government or public sector pays for or finance expenditures through taxes and borrowing .Public finance adapts and applies the fundamental microeconomic theory  of markets to the public sectors and government sectors.In particular,this area of study analyses the efficiency of taxes and the market failure  of public goods.Public finance is also …

IMPORTANCE OF INSURANCE IN COMMERCE 1. It creates confidence among businessmen and Investors Insurance creates confidence among the businessmen and investors to undertake risky business ventures without fear of loss in which they would otherwise not have invested their money. 2. Provide Compensation Insurance Companies compensate the unfortunate people who actually suffer loss as a result of Insured risk. It …