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Municipal (Public) Finance-Principles
 
Finance - Introduction
Finance is an all pervading activity.
A thread running through allaffairs.
Can not be hived off into singlesection or regarded as a separateaspect.
Every one of us uses resource.
A judgment about like benefits andcost incurred (Decision Making) is
 
Finance - Introduction
Limited resources - unlimited wants.
Application of limited resources tocompeting ends offering differentadvantages.
Weighing allocation of resources to oneor more purposes against the relativebenefits of devolving resources tocompeting ends.
Dynamics of ‘finance’ form core of municipal finance like any otheractivity of our life.
But it is not for ‘private interests’ butfor ‘ublic interest’.
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