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Public expenditure is a type of spending usually done by firms in the public sector, or government organisations, examples include: building of schools, dams, public and merit goods. Where as private expenditures are carried out by firms in the private sector of an economy, who have their main motive as profits. Examples of these expenditures include: setting up a factory, or expansion of a profitable outlet.
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What is national expenditure?
It is the total expenditure for all kinds within the economy that is public and private. The national expenditure =Consumption+Investment+government purchases.
What is the difference between the private and public sectors of your economy?
Public sectors are funded by the government
What is the difference between public and private real estate?
The difference between public and private real estate is that there are more perceived risks with public real estate versus private real estate. There are a few factors that fall into how one is perceived as more of a risk than the other.
What is the differences between public wants and private wants in business?
The main difference between public wants and private wants in business is the key words private and public. Private is personal clientele and their personal needs such as jets, hotels, and restaurants. Public wants are governments costs, marketing, and such.
Difference between public goods and private goods?
Public goods are non-excludable and non-rival in consumption whereas Private goods are excludable and rival in consumption.
